CIBC lowered the firm’s price target on TFI International (TFII) to $110 from $118 and keeps an Outperformer rating on the shares. The firm does expect any major guidance revisions from the waste sector or aviation and aerospace names under coverage, the analyst tells investors in a research note. CIBC adds that it is starting to see some momentum with the company’s self-help levers to drive improved profitability within TForce Freight and Specialized TL.
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