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Citi raises TFI International target, opens ‘positive catalyst watch’

Citi raised the firm’s price target on TFI International (TFII) to $144 from $143 and keeps a Buy rating on the shares. Citi also added a “positive catalyst watch” on TFI International ahead of the Q1 report as it believe the company’s strong free cash generation is being under-appreciated and its flatbed exposure from its 2024 Daseke acquisition stands to deliver strong gains amid surging flatbed rates.

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