News Snapshot:
Inside the Market’s roundup of some of today’s key analyst actions Desjardins Securities analyst Benoit Poirier thinks short-term weakness should not scare investors away from Canadian railway companies, expecting both Canadian National Railway Co. (CNR-T) and Canadian Pacific Kansas City Ltd. (CP-T) to offer “significant value-creation opportunities with limited downside.” “We expect both railroads to hit their respective investor day targets despite our weaker estimates for 2023 and 2024. However, we see limited immediate upside for shorter-term investors ahead of the quarter,” said Mr. Poirier. In a research report titled All the switches will have to be aligned to meet...