12:36 PM EST, 11/22/2024 (MT Newswires) -- RBC says the key takeaways from its roadshow meetings with CN Rail management have reinforced its positive investment thesis on the company.

CN Rail spoke of a ramp in volumes as the labour disruptions at the ports clear; and with operations running fluidly (best since 2018 on velocity), "we believe the setup for a strong Q4 and a solid 2025 looks very constructive."

RBC views the recent underperformance as an attractive entry point for CN and reiterate its Outperform rating on the shares.

Target of $179.

Price: 155.55, Change: +3.02, Percent Change: +1.98