The Globe and Mail reports in its Tuesday, April 23, edition that Raymond James analyst Steve Hansen raised his share targets for Canadian National Railway to $190 from $185 and Canadian Pacific Kansas City to $130 from $120, keeping an "outperform" recommendation for both. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target CN and CPKC shares at $180.33 and $124.08. Mr. Hansen says in a note: "We remain demonstrably upbeat on the outlook for both Canadian railroads. While 1Q24 proved volatile from a weather standpoint (extreme January temperatures late March snow), we entered 2Q24 even more confident in the traffic recovery that emerged late last year. To illustrate this point, CN and CPKC both exited 1Q24 enjoying brisk (LSD) tailwinds underpinned by multiple categories. ... At the same time, we believe these same tailwinds are now poised to accelerate as last year's comps rapidly fall away. Given this incremental confidence, we have increased our target prices on both carriers."