BofA lowered the firm’s price target on TFI International (TFII) to $90 from $92 and keeps an Underperform rating on the shares. Following the company’s Q3 call, the firm updated its model, as TFI highlighted a soft start to October and targets Q4 EPS of 80c-90c, well below the firm’s estimate of $1.21 and the Street’s estimate of $1.16. BofA added that its multiple remains near the top of its 11x-17x range as earnings close in on a trough in 2025, and sees potential for idiosyncratic U.S. less-than-truckload operational improvement.
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- TFI International Reports Decline in Q3 2025 Earnings Amid Market Challenges
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