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CN Rail Hits Record Shipments Amidst Analyst Upgrades
14 Jun
Summary
- Susquehanna raised CNI's price target to $138 on June 5, 2026.
- Canadian National Railway set a new monthly record for B.C. shipments in May.
- BofA maintained a Buy rating, raising CNI's price target to $132.
On June 5, 2026, Susquehanna raised its price target for Canadian National Railway Company (CNI) to $138 from $128, maintaining a Positive rating. The firm cited encouraging ISM readings and robust rail volumes.
This upgrade followed a significant achievement by CN in May 2026, which saw record monthly export shipments from South Beamer, Alberta, to Watson Island, British Columbia. This performance represented a 40% increase in carloads compared to May 2025.
CN attributed this record to optimized train lengths and improved network efficiency. On June 3, 2026, Bank of America also increased its price target for CNI to $132 from $122, reiterating a Buy rating based on strong operating performance and positive industrial economy indicators.
Canadian National Railway Company operates rail, intermodal, and trucking services across Canada and the United States. Despite these positive developments, some investment analyses suggest that certain AI stocks may offer greater upside potential.
