The Globe and Mail reports in its Thursday edition that Canadian National Railway posted weaker-than-expected second quarter results after the bell on Tuesday and reduced its guidance. The Globe's Darcy Keith writes that this prompted BMO Capital Markets analyst Fadi Chamoun to give his share target a $2 trim to $175. Analysts on average target the shares at $164.14. Mr. Chamoun notes that CN's changes were relatively modest and left room for upside for its shares over the next 12 months. Mr. Chamoun says, "The network is running efficiently, and we see CN as being well positioned for an eventual recovery in demand." The Globe says Desjardins Securities analyst Benoit Poirier, however, sees "more downside than upside" to CN's 2023 operational targets but added that he remains bullish on the stock over the long term. He rates the stock "buy." Mr. Poirier says in a note, "Bottom line, we believe it will be difficult for CN to achieve positive RTM [revenue ton mile] growth for the year given continued operating question marks (possibility of more wildfires, length of time to recover from the West Coast strike and main line flooding in Halifax) and clouded visibility on 3Q/4Q carloads across several segments."