The Globe and Mail reports in its Friday, Sept. 25, edition that RBC Dominion Securities analyst Walter Spracklin has reaffirmed his "outperform" recommendation for Canadian National Railway. The Globe's David Leeder writes in the Eye On Equities column that Mr. Spracklin gave his share target a $7 trim to $198. Analysts on average target the shares at $184.54. Mr. Spracklin says in a note: "We see a near-term neutral reaction to CSX and UNP where our unchanged estimates are right in line with consensus. We could see negative sentiment in CPKC shares as we expect street earnings to move lower into earnings, although flag the reduction to our estimates is mostly fuel driven. In terms of valuation, we roll forward our valuation year to 2028 and adjust our target multiples across the group as a result -- with price targets coming down reflecting recent macro uncertainty. From a longer-term perspective, we also continue to flag CPKC and UNP on the back of their respective acquisitions. ... Our 'outperform' rating is based on favourable network dynamics as well as GDP plus growth opportunities and potential for margin improvement, in addition to discounted valuation in our view."