02:07 PM EDT, 05/02/2025 (MT Newswires) -- Despite heightened trade/macro risk, CN Rail bucked the trend amongst Transportation companies this earnings season and reaffirmed its outlook for 2025, writes BMO analyst Fadi Chamoun, which he says highlights the unique characteristics of the company's earnings algorithm this year.

"Over the medium-term, we continue to believe that CNR's network enjoys several growth avenues across multiple end markets."

While Chamoun is moderating his estimates by 1% and lowering CN's target price to $168, the risk/reward is attractive with valuation trending currently at historical lows.

Maintain Outperform.

Price: 138.99, Change: +6.61, Percent Change: +4.99