The Globe and Mail reports in its Tuesday edition that RBC Capital Markets analyst Walter Spracklin has lowered his recommendation for Canadian National Railway to "sector perform" from "outperform." The Globe's Darcy Keith writes that Mr. Spracklin gave his share target a $7 trim to $165. Analysts on average target the shares at $163.38. The downgrade came after RBC's review of the quarterly results from major North American railways, and reflected an expectation that investor dollars are going to move into Union Pacific. Mr. Spracklin says in a note: "Since providing guidance two months ago, CN has been affected by macro and an expected decline in the Canadian grain crop, in addition to the negative impact of wildfires and the port strike. While we see only macro and Canadian Grain as impacting forward estimates, we nevertheless expect CN shares to remain range bound until its growth prospects become better understood (i.e. until macro conditions inflect, and CN begins executing on its growth strategy)." Mr. Spracklin expects Union Pacific to see better earnings per share growth and margin improvement. He expects CN shares will be range bound "until the company's growth profile is better understood."