CIBC cuts target on Canadian Railways (CNR:TSX) (CP:TSX)

Analyst Ratings Coverage

CIBC World Markets (Rank#13) on Friday June 16th issued research reports on Railway company’s Canadian National Railway and Canadian Pacific Railway.  The CIBC analysts lowered the target on CNR to $183 from $185, and maintained “Outperform” rating for the stock price. CIBC also lowered the 12 month target forecast on CP to $123 from $125, and also reiterated their “Outperform” rating on the company, and keeps their Bullish  optimism intact.

Despite the adjustments to the target prices for both CNR and CP, CIBC’s bullish optimism remains intact for both companies. The analysts maintain a positive outlook on the future performance and growth prospects of these railway companies. By reiterating their “Outperform” rating, CIBC expresses its belief that CNR and CP have the potential to deliver superior financial results compared to their industry peers.

CIBC World Markets’ research reports on Canadian National Railway and Canadian Pacific Railway  provide valuable analysis and recommendations to investors. While the target prices for both companies were slightly lowered, the maintained “Outperform” ratings indicate a positive outlook for CNR and CP. CIBC’s continued bullish optimism suggests that they expect these railway companies to exhibit strong performance and growth in the future, reinforcing the investment potential of both CNR and CP.

CP Stock Forecast & Analysis

The average target price forecast for Canadian Pacific Railway Ltd (CP) over the next 12 months, based on the analysis of 16 analysts, is CAD 111.87. The average analyst rating for the stock is “Buy,” indicating a positive sentiment and belief in the company’s growth potential. Stock Target Advisor also holds a bullish outlook on CP, based on 5 positive signals and 2 negative signals. At the last closing, CP’s stock price was CAD 103.50. Over the past week, the stock price has changed by -0.53%, while over the past month, it has decreased by -7.32%. However, CP has shown a positive trend with a 16.42% increase in stock price over the last year.

CNR Stock Forecast & Analysis

According to a forecast based on the analysis of 20 analysts, the average target price for Canadian National Railway Co (CNR) over the next 12 months is estimated to be CAD 168.50. The average analyst rating for the stock is “Buy,” indicating positive sentiment and confidence in the company’s future performance. Stock Target Advisor’s analysis of CNR is also bullish, based on 10 positive signals and 4 negative signals. At the last closing, CNR’s stock price was CAD 155.89. Over the past week, the stock price has increased by +1.48%, while over the past month, it has declined by -4.70%. However, CNR has shown positive growth with a +9.62% increase in stock price over the last year.

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