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Following recent sharp declines, Canadian National Railway (CNI) and Canadian Pacific Railway...

Following recent sharp declines, Canadian National Railway (CNI) and Canadian Pacific Railway (CP) are downgraded by Raymond James' Steve Hanson. He still likes the firms, but slowing economic growth has heightened downside risks, while capping upside rewards.
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Comments (2)
  • phoneranger
    , contributor
    Comments (350) | Send Message
     
    This seems like a knee-jerk downgrade by RJ. Rail traffic (including Canadian roads) is still peaking as you can see at our Railfax.transmatch.com page. And most big owners of $CNI and $CP are Canadian funds who have to stay the course. Just as they did for NT and now RIMM. Here's a view http://bit.ly/pVBi8g
    3 Oct 2011, 10:20 AM Reply Like
  • floorwall
    , contributor
    Comments (4) | Send Message
     
    I live on the ej& e line owned by cni, and traffic is down!
    12 Oct 2011, 10:34 PM Reply Like
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