On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Canadian National Railway Company (NYSE:CNI), saying it’s “way too cheap.”
CN and CSX (NASDAQ:CSX) announced on Sept. 9 an agreement to develop a new intermodal service into Nashville, Tennessee.
When asked about MP Materials Corp. (NYSE:MP), he said, “I think you’re fine, but don’t — please, don’t — buy any more. You’re fine with what you have.”
Lending support to his choice, DA Davidson analyst Matt Summerville, on Sept. 2, maintained MP Materials with a Buy and raised the price target from $32 to $82.
Resideo Technologies, Inc. (NYSE:REZI) is “interesting, even up here,” Cramer said.
Morgan Stanley analyst Erik Woodring, on Aug. 12, upgraded Resideo Technologies from Equal-Weight to Overweight and raised the price target from $24 to $35.
Price Action:
- MP Materials shares gained 0.9% to settle at $63.03 on Thursday.
- Resideo Technologies shares rose 1.4% to close at $36.71.
- Canadian National Railway shares gained 1.6% to settle at $93.93 on Thursday.
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