The Globe and Mail reports in its Friday, May 5, edition that Scotia Capital analyst Konark Gupta continues to rate Canadian National Railway "sector perform." The Globe's David Leeder writes that Mr. Gupta gave his share target a $3 hike to $172. Analysts on average target the shares at $161.79. Mr. Gupta says he came away from CN's Investor Day "more impressed than in the past 10 years by the re-energized people, assets and strategy." He raves about new chief executive officer Tracy Robinson's "endeavours," chief operating officer Ed Harris's "simple philosophy" and its "Chicago advantage" brought by the Elgin, Joliet and Eastern Railway. He now sees CN going "back to the basics with the future in mind." Mr. Gupta says in a note: "We view CN as a solid long-term core holding. If it achieves long-term targets, we would expect upside to $200 to $235 in three years (8- to 13-per-cent annual return), based on the stock's 10-year average forward P/E of 19.5 times. We like CN as a long-term growth compounder with a strong competitive moat, including its unique three-coast network and exclusive access to deep-water ports on the West and East coasts of Canada with excess capacity or greenfield potential."