The Globe and Mail reports in its Thursday, Dec. 14, edition that Citi analyst Christian Wetherbee has reaffirmed his "neutral" recommendation for Canadian National Railway. The Globe's David Leeder writes that Mr. Wetherbee gave his share target a $4 (U.S.) boost to $121 (U.S.). Analysts on average target the shares at $123.29 (U.S.). Mr. Wetherbee sees North American railroad companies "getting back on track" on 2024, naming it his favourite transportation sector for the year ahead. Mr. Wetherbee says in a note: "After two years of volume normalization across Transports and significant investment in service by the rails, we think the set up for volume growth is good and the companies are primed to generate better than average operating leverage. Macro concerns remain an overhang, but current demand across consumer and industrial end markets support low single digit/mid-single digit volume growth, which is likely to accelerate through the middle of 2024. This should yield double digit EPS growth and a modest upside bias to estimates, which is the first time in 18 months we can say that. Coupled with still reasonable relative valuations, we like the set up. ... Union Pacific is our top pick followed by Norfolk Southern."