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StocksMedium•14 April 2026•

1 min read

Bank of America Upgrades Canadian National Railway to Buy, Raises Price Target

Jeff Bezos in a suit over a map of the US with logistics routes, Amazon delivery vans, boxes, a drone, and a warehouse.

Key Facts

1Bank of America upgraded Canadian National Railway shares to 'Buy' from 'Neutral'.

2The price target was raised from US$117 to US$122.

Bank of America has upgraded Canadian National Railway (CNI) from 'Neutral' to 'Buy', signaling a positive shift in the company's operational outlook. Alongside the upgrade, the bank raised its price target for the stock to US$122 from the previous US$117. Analysts cited significant improvements in service metrics and consistent growth in freight volumes as primary drivers for the decision. Furthermore, the firm highlighted that CNI's current valuation remains attractive and discounted relative to its industry peers. This strategic upgrade reflects growing confidence in the railway's ability to recover operationally and maintain a strong market position. Investors are expected to react positively to this endorsement from one of Wall Street's major financial institutions.