The Globe and Mail reports in its Thursday, Oct. 12, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation for Canadian National Railway. The Globe's David Leeder writes that Mr. Poirier gave his share target a $9 trim to $172. Analysts on average target the shares at $160.62. The Globe says Mr. Poirier thinks short-term weakness should not scare investors away from Canadian railway companies. He expects both CN and Canadian Pacific Kansas City to offer "significant value-creation opportunities with limited downside." Mr. Poirier says in a note: "We expect both railroads to hit their respective investor day targets despite our weaker estimates for 2023 and 2024. However, we see limited immediate upside for shorter-term investors ahead of the quarter. ... Considering the continued weakness in intermodal and forest products volumes, the fuel lag headwind as well as the fact that the elevated headcounts at both rails will result in significant operating deleveraging, we now forecast both companies falling short of their respective 2023 targets." The Globe reported on July 27 that Mr. Poirier saw "more downside than upside" in 2023. The shares were then worth $156.69.