Auto & Transport Roundup: Market Talk

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1011 ET – CN Rail is showing green shoots for the coming 2026 freight cycle, CIBC’s Kevin Chiang says, upgrading the stock rating to outperformer from neutral and increasing the target price to C$151 from C$146. CN Rail is delivering more consistent execution, with volumes trending higher in the fourth quarter, “reflecting positive momentum in its bulk franchise, and car velocity is tracking at historic highs,” the analyst says in a report. The trend suggests the Canadian railroad is well-positioned to onboard additional volumes to its network, while maintaining fluidity, leveraging excess capacity, and driving strong incremental margins, Chiang adds. Shares are trading 1.2% higher at C$133.36. (adriano.marchese@wsj.com)