CIBC raised the firm’s price target on TFI International (TFII) to $134 from $121 and keeps an Outperformer rating on the shares post the Q4 report. TFI issued a “subdued” outlook for Q1, but this is due to “extraordinary” weather events, the Street mismodeling seasonality, and the company being conservative, the analyst tells investors in a research note. CIBC is optimistic that the company is in the early stages of a freight cycle recovery.
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- TFI International price target raised to $137 from $125 at RBC Capital
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