Canadian National Railway Faced With Tough Transition From Grain -- Market Talk
Dow Jones2026/10/19 16:081208 ET - Canadian railroads will need to find a new growth driver to replace grain, posing a particular challenge to Canadian National Railway, Raymond James analysts write in a note, downgrading the stock to market perform. "Grain-the dominant growth engine for both carriers through 2026-should remain healthy in absolute terms, but fade rapidly in terms of outsized growth contribution, increasing the importance of replacement growth surfacing elsewhere," the analysts write. While Canadian Pacific Kansas City has solid growth prospects outside of grain, CN Rail has "fewer obvious replacement growth drivers," they write. "The handoff therefore appears more challenging at CN." Shares fall 1.9% to $119.45. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
October 19, 2026 12:08 ET (16:08 GMT)
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