BofA analyst Ken Hoexter lowered the firm’s price target on TFI International (TFII) to $122 from $123 and keeps a Neutral rating on the shares. The firm lowered its Q1 EPS estimate 6%, to 61c from 65c, but notes that it remains above the high end of TFI’s 50c-60c target range. Reductions are led by expectations of fuel and weather-related cost pressure in U.S. Less-than-Truckload, the analyst tells investors.
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