Canadian National Railway pany(US:CNI) 智通财经网·2025-12-29 06:59Core Viewpoint - RBC Capital Markets has lowered the target price for Canadian National Railway Company (CNI.US) from CAD 158 to CAD 153 while maintaining an "outperform" rating, reflecting updated forecasts based on freight volume trends and management comments [1] Group 1: Financial Performance - The company has revised its earnings outlook for 2025 downwards and has abandoned its previous forecast for 2026, with initial expectations of a 10% to 15% increase in adjusted earnings now indicating growth below 10% [1] - Despite the downward revision, the company is still expected to show positive earnings growth [1] Group 2: Market Conditions - Uncertainties in Canada-U.S. trade are impacting market outlooks, which has contributed to the company's revised earnings expectations [1] Group 3: Long-term Prospects - The long-term growth prospects for the company remain attractive, benefiting from North America's economic growth and increasing trade volumes [1] - The company's strong profitability and unique railway network position it well to withstand various economic cycles [1] - The railway network connects Canada's Atlantic and Pacific ports with the U.S. Gulf Coast, placing the company in a strategic position within North American trade routes [1] - Anticipation of a new trade framework between Canada and the U.S. is expected to provide new growth momentum for the company [1]