Analyst upgrades for Canadian railway companies and Alimentation Couche-Tard, positive.

From The Globe and Mail: 2024-06-27 06:39:16

Canadian railway companies are seeing more positive analyst actions due to encouraging second-quarter volume trends and optimism on domestic grain shipments. National Bank Financial analyst Cameron Doerksen upgraded Canadian National Railway Co. to “outperform,” citing attractive valuations. Alimentation Couche-Tard Inc. faces transitory headwinds but sees potential for future M&A activity. Stifel analyst Martin Landry trimmed his target price but maintains a “buy” recommendation, highlighting CEO transition as a positive factor. Other analysts have also adjusted their target prices for Couche-Tard.



Read more at The Globe and Mail: Thursday’s analyst upgrades and downgrades for June 27, 2024