JPMorgan cut its target for Canadian National Railway stock

Published on 10/08/2026 at 15:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Canadian National Railway stock costs EUR 103.78 on October 8, 2026 after EUR 103.40. Revenue hit CAD 4.753 billion in second-quarter 2026.

CNI, CA1363751027, Illustration mit AI erstellt.

JPMorgan cut its Canadian National Railway target from CAD 182 to CAD 178 on October 5, 2026, while keeping a Neutral rating. As Markets Insider reported, the note cited updated estimates ahead of third-quarter results and rising labor costs as a challenge for transportation companies.

Three dates define the setup

On July 24, 2026, Canadian National Railway reported second-quarter revenue of CAD 4.753 billion and net income of CAD 1.249 billion, according to Investing.com. The company's investor page showed 104,295 carloads for September 27 to October 3, 2026, down 4.00 percent from the comparable prior-year week. On October 6, 2026, CN reported 7.94 million metric tonnes of grain moved in the third quarter, above the 7.48 million record set in 2020, according to Canadian National Railway.

What does the grain record mean for revenue?

The grain result adds a high-volume operating indicator before the third-quarter report, but it does not replace the financial statements. Second-quarter revenue rose 8.54 percent from CAD 4.379 billion in the first quarter, while net income increased 8.99 percent from CAD 1.146 billion, according to Investing.com. For investors, the next test is whether the record grain flow broadens into revenue and earnings performance across the wider network.

Results arrive on October 30

Canadian National Railway will release its third-quarter 2026 financial and operating results before the market opens on October 30, 2026, with a conference call at 8:30 a.m. ET, according to the company's investor page. That date gives the target cut and the grain record a defined reporting checkpoint rather than leaving the operating data as a standalone signal.

Stock stays inside its yearly range

Canadian National Railway's primary-market quote was USD 116.36 on October 8, 2026 at 9:55 a.m. ET on the NYSE, while its 52-week range was USD 90.74 to USD 131.55. Its market capitalization was USD 70.4 billion as of October 8, 2026. At Lang & Schwarz, the stock was trading at EUR 103.78 on October 8, 2026 at 3:41 p.m. CEST, plus 0.37 percent versus the prior close of EUR 103.40 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Canadian National Railway stock.