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TFI International price target lowered to $107 from $115 at TD Cowen

TD Cowen analyst Jason Seidl lowered the firm’s price target on TFI International (TFII) to $107 from $115 and keeps a Buy rating on the shares. The firm updated its model following Q2 results as they nicely beat estimate and consensus expectations in Q2, driven primarily by TForce margin upside versus guide. Though not much sequential improvement is expected, the company expects to tread water in 2H despite multiple idiosyncratic initiatives.

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