-- (Updated to include BofA's commentary)
BofA Securities upgraded Canadian National Railway (CNI) to buy from neutral as the company is posting share gains.
The railway operator's volume growth so far in Q1 is well ahead of its flat full year target, aided by gains in record Canadian Grain crop and above target Intermodal and Auto volumes, analyst Ken Hoexte wrote in a Thursday note.
Canadian National Railway has an average rating of overweight and mean price target of $114.45, according to analysts polled by FactSet.
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Price: $109.17, Change: $+1.51, Percent Change: +1.40%