Wednesday's analyst upgrades and downgrades

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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…

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