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Posted by
Two Blokes Fri at 9:15 AM -
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Stock
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I upgrade Canadian National Railway to a buy rating due to strong 1Q25 performance and confidence in achieving FY25 EPS guidance despite macro uncertainties. CNR's revenue grew 3.6% y/y to CAD$4.40 billion, with an improved operating ratio and 8% y/y increase in adj EPS to CAD$1.85. Internal growth drivers, stable labor conditions, and resumed share buybacks signal strong future performance and potential for valuation multiples to rise.
