11:25 AM EDT, 06/05/2025 (MT Newswires) -- CN Rail held a Prince Rupert tour earlier this week, during which the company outlined its long-term growth strategy out of the Port.

For RBC, the key focus was the near- and long-term carload growth opportunities, which represent a potential 10% CAGR 2024 to 2027.

The analysts note that the opportunity set reflects growth in Intermodal, Coal, and Natural Gas Liquids (NGLs), on the back of an expanded logistics ecosystem as well as commodity projects in Western Canada. Management also flagged Prince Rupert and inland infrastructure investments, which RBC sees as positioning CN well from a capacity perspective.

Maintain Outperform, $163 target.

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