TFI International price target raised to $121 from $112 at CIBC

CIBC raised the firm’s price target on TFI International (TFII) to $121 from $112 and keeps an Outperformer rating on the shares ahead of the quarterly earnings report. TFI is expected to signal improving freight industry conditions into 2026, driven by tighter supply from capacity exits and regulatory enforcement, alongside supportive demand from easier rates and increased industrial spending, the analyst tells investors in a research note. With disciplined cost management and a focus on service improvements, TFI appears well-positioned for the next freight-cycle upturn, CIBC syas.