12:50 PM EDT, 10/23/2024 (MT Newswires) -- CN Rail's third quarter results and commentary reaffirm all of the key tenets to RBC's recent upgrade of the stock. Key is that there was some trepidation that the third quarter may be worse than feared - and that is now allayed with the inline result, analyst Walter Spracklin writes.

Furthermore, the operating metrics flagged on the call, backed with management's positive commentary on the fluidity of the network, suggests that the company is poised to exceed the new guidance it set a few weeks back, Spracklin adds.

"Accordingly, we remain very constructive on the CN stock at these levels and reiterate our OP rating."

Maintain target of $179.

Price: 157.85, Change: +2.73, Percent Change: +1.76