Canadian National Railway beat earnings estimates and raised its 2026 outlook on July 24.
Royal Bank of Canada increased its price target to $205 from $195 and maintained an outperform rating. Wells Fargo raised its target to $145 from $135 with an overweight rating. Barclays also lifted its price target for the company.
Institutional investors increased their positions following the report. Reports on July 28, 2026, showed the Healthcare of Ontario Pension Plan Trust Fund substantially increased its holdings. Renaissance Technologies LLC also significantly expanded its stake in the railway.