The Globe and Mail reports in its Thursday, June 8, edition that RBC Dominion Securities analyst Walter Spracklin has reaffirmed his "outperform" recommendation for Canadian National Railway. The Globe's David Berman writes in the Eye On Equities column that Mr. Spracklin gave his share target a $4 trim to $180. The Globe says Mr. Spracklin expects that weak trends in intermodal transportation -- hauling shipping containers and truck trailers by train -- will weigh on profits for Canadian railway stocks. Mr. Spracklin lowered his full-year estimate for earnings to $7.81 a share from $8.15, because of downward adjustments to volume expectations in the second and third quarters. Mr. Spracklin says in note, "[CNR] volumes continue to be pressured reflecting soft domestic demand." He lowered his profit estimate for the second quarter to $1.82 per share from $1.96, which puts him below the average estimate of $1.97 from analysts. Mr. Spracklin also lowered his full-year estimate for CNR to $7.81 per share from $8.15, due to downward adjustments to volume expectations in the second and third quarters. Though profit estimates are falling, he believes the valuation of the stock will remain steady, at 20-times earnings.