Canadian National Railway reported strong second-quarter 2026 results driven by operational efficiency and increased energy and grain shipments. However, much of the recent growth is linked to temporary factors like record grain harvests and fuel surcharges, which are unlikely to continue long-term. While energy volumes present a multi-year growth opportunity, management guidance and current sector valuations suggest limited upside in the near future. As a result, the stock rating was downgraded from 'buy' to 'hold' with a new price target of $126 based on 22 times fiscal year 2026 earnings.
Canadian National Railway reported robust Q2 2026 results, with revenue increasing 11% and earnings per share rising 10%. The company raised its full-year guidance, reflecting improved capital allocation through reduced capital expenditures and a tem...
Canadian National Railway Company reported strong Q2 results with an 11% increase in both revenue and earnings per share (EPS), driven by disciplined pricing and higher volumes. Operational efficiency improved despite minor setbacks, and management r...
Canadian National Railway reported a 10% increase in diluted earnings per share for Q2 2026, driven by strong volume growth, especially in grain and energy products. Revenue ton miles rose 5% year-over-year, with record fuel efficiency and solid oper...
