The Globe and Mail reports in its Friday, Jan. 19, edition that Desjardins Securities analyst Benoit Poirier is expecting a "strong finish" to 2023 for both Canadian National Railway and Canadian Pacific Kansas City, benefitting from a volume "surprise to the upside," however he warned the Street's expectations for 2024 remain "on the high side." Mr. Poirier increased his targets for CN to $189 from $171 and CP to $118 from $108, reaffirming "buy" recommendations. Analysts on average target CN shares at $169 and CPKC shares at $114.34. Mr. Poirier says in a note: "For 2024, we believe CN will guide to high-single-digit EPS growth and CPKC to double-digit EPS growth, and that both rails will likely refrain from giving official OR [operating ratio] guidance. While our estimates are below the Street's for both rails, we are much more comfortable with 2024 consensus for CN and see less downside risk from a valuation perspective. Longer-term, we remain neutral between CN and CPKC as we believe both offer shareholder value?creation opportunities; we expect both to hit their investor day targets."