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  5. CNR: I understand CNR stock can be recession sensitive. [Canadian National Railway Company]

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Q: I understand CNR stock can be recession sensitive. It has gone down somewhat - would you say this is a buy here or would you be holding for more downside or waiting to see if we head into a recession? What would be a good price target to buy in for a long term hold? Thanks so much.
Asked by Pat on August 12, 2024
5i Research Answer:
CNR is trading at 18.6x Forward P/E. Valuation has gone down to attractive levels compared to...
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