TFI International price target lowered to $94 from $96 at Stifel

Stifel lowered the firm’s price target on TFI International (TFII) to $94 from $96 and keeps a Hold rating on the shares. A mixed, but generally weak macro backdrop for the Less-than-Truckload group persists into the Q3 reporting season, says the analyst, who adds that the firm’s channel checks and intra-quarter data suggest operations remain “soft but stable.”