Jason Seidl, an analyst from TD Cowen, reiterated the Buy rating on TFI International. The associated price target was raised to $130.00.
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Jason Seidl has given his Buy rating due to a combination of factors tied to TFI International’s recent execution and future positioning. The company exceeded expectations on adjusted earnings in Q4, with operating income coming in ahead of forecasts and key U.S. LTL margins outperforming, even as overall revenue was roughly in line and share repurchases underscored management’s confidence.
While near‑term guidance for Q1 is softer and industrial demand remains sluggish, Seidl views the operational improvements and mix enhancements in LTL as setting the stage for stronger performance when conditions normalize. Management’s disciplined stance on large acquisitions, focus on turning around core operations, and potential upside from contract rate recovery and specialized truckload opportunities support his $130 price target and underpin the Buy recommendation.