TFI International price target lowered to $105 from $120 at Stifel

Stifel lowered the firm’s price target on TFI International (TFII) to $105 from $120 and keeps a Hold rating on the shares. While noting that there is significant uncertainty heading into the Q1 prints for the Less-than-Truckload group, the firm adds that core pricing remains stable and competition rational, which it argues “positions the industry to weather rough seas better than other modes.”