No End In SIght For Crude Oil By Rail (CBR)

Calgary Herald is reporting:

North American crude-laden carloads have surged by more than 50-fold since 2009 and there appears to be no end to the growth in sight, analyst Steve Hansen said.
He said both Canadian National Railway Co. and its smaller domestic rival, Canadian Pacific Railway Ltd., will play an important role in the evolution of this business in the years ahead.

As a result, Hansen on Monday raised his price target on CN to $115 a share, from $92 previously, and raised his rating on the stock to outperform.

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