CIBC Capital Markets lowered its price target on two companies and raised its target on three as it previewed earnings for the freight and waste sectors.

In a report on Wednesday, analyst Kevin Chiang reduced his target on Canadian National Railway Co. (CNR.TO, CNI) to $151 from $154 and on Waste Connections Inc. (WCN.TO, WCN) to US$208 from US$210, and maintained an Outperformer rating on both stocks.

Chiang increased his target price on Canadian Pacific Kansas City Ltd. (CP.TO, CP) to $124 from $123 (Outperformer), Mullen Group Ltd. (MTL.TO) to $17 from $15 (Neutral), and TFI International Inc. (TFII.TO, TFII) to US$121 from US$112 (Outperformer).

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 138.52, Change: -0.48, Percent Change: -0.35