Scotiabank trims target for Canadian National Railway stock to CAD 198.00

Published on 10/16/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank cut its target to CAD 198.00 on October 15. Canadian National Railway stock costs EUR 107.58 on October 16, 2026, valued at USD 73.1 billion.

Target revision and operating metrics

Scotiabank cut its Canadian National Railway target from CAD 199.00 to CAD 198.00 on October 15, 2026.
CN reported 4,692 revenue ton-miles and 104,021 carloads for the October 3 to October 10, 2026 weekly periods.
Canadian National Railway stock was trading at EUR 107.58 at 9:40 a.m. CEST at Lang & Schwarz on October 16, 2026.
Third-quarter 2026 results are scheduled for October 30, 2026, at 8:30 a.m. ET.

CNI, CA1363751027, Illustration mit AI erstellt.

Canadian National Railway Company (ISIN CA1363751027) was trading at EUR 107.58 at Lang & Schwarz on October 16, 2026, at 9:40 a.m. CEST. According to Markets Insider, Scotiabank lowered its target from CAD 199.00 to CAD 198.00 on October 15, 2026, while keeping an Outperform rating.

Three dated signals for CN

The operating picture has several measurable reference points. On July 24, 2026, Canadian National Railway reported quarterly revenue of CAD 4.75 billion and earnings per share of CAD 2.08, according to MarketBeat.

On October 6, 2026, CN reported moving 7.94 million metric tonnes of grain from Western Canada in the third quarter, a figure listed by The Fly. The October 15 target revision is the latest dated event in this sequence.

What does the target cut change?

The one-dollar reduction leaves the Scotiabank target at CAD 198.00, while the most recent structured market figure puts CN at a USD 73.1 billion market capitalization as of October 15, 2026. The same quote data show a USD 90.74 to USD 131.55 52-week range, giving investors a broad valuation frame before the next operating update.

Next date is October 30

CN has scheduled its third-quarter 2026 financial and operating results for October 30, 2026, at 8:30 a.m. ET, according to CN. Its weekly metrics for October 3 to October 9, 2026 included average train speed of 19.9 miles per hour, while the October 4 to October 10, 2026 figures showed 4,692 revenue ton-miles and 104,021 carloads.

CN stock awaits the next report

The target revision keeps analyst attention on the October 30 report, while the latest operating metrics provide a dated bridge between the second-quarter results and the upcoming release. Canadian National Railway stock was trading at EUR 107.58 at Lang & Schwarz on October 16, 2026, at 9:40 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Canadian National Railway stock.