Tag Archives: upgraded

CN Rail upgraded on rare valuation opportunity

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Canadian National Railway Co.’s 14-per-cent pullback since Feb. 1 and material underperformance versus United states equity indexes have the stock trading below 16x estimated earnings per share for 2016. That’s within the lower 1 / 2 of its three-year historical range along with a significant discount to the S&P 500. This is a rare occurrence, especially in the past 5 ...

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Canadian National Railway Co upgraded after strong Q2 earnings

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Canadian National Railway Co. was upgraded to purchase from hold at Canaccord Genuity after its second-quarter results exceeded analysts’ estimates. The gains were driven in large part by the company’s rapid cost reductions in response to a downturn sought after – something analysts didn’t see happening so quickly. Canaccord analyst David Tyerman, who also raised his price target on CN ...

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Precision Drilling Corp. upgraded, dividend hike expected

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It may seem strange to listen to that an energy-related clients are being upgraded, but that’s precisely what happened for Precision Drilling Corp. The Calgary-based oilfield services company got a ratings lift to outperform from neutral at Scotiabank after its second-quarter results showed its resiliency. Despite management’s acknowledgement that there\’s very little visibility at the macro level, with no expectation ...

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