Archive for September 21, 2021
Stock analyst BMO downgrades CN as new strategic plan doesn’t tap “full potential”
(Source: BNN Bloomberg, September 21, 2021) NEW YORK — BMO Capital Markets is downgrading its view on Canadian National Railway Co. with its analyst saying the railroad operator’s strategic plan announced last week may fall short of tapping into the company’s full potential. Full story: BNN Bloomberg Tuesday, September 21, 2021
Read MoreCN to cut 1,000 jobs as part of new strategic plan
(Source: Railway Age, September 21, 2021) NEW YORK — A few days after throwing in the towel on its attempted merger with Kansas City Southern, and facing a board and management reorganization forced by activist investor and “beneficial owner” TCI Fund Management Ltd., CN on Sept. 17 announced its “Full Speed Ahead – Redefining Railroading”…
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