BMO Capital raised the firm’s price target on TFI International (TFII) to $140 from $115 and keeps a Market Perform rating on the shares as part of a broader research note on Transportation names. Leading demand indicators, Q1 feedback from transportation and industrial companies that have reported results, and volume/weight per shipment trends within the LTL sector all point to improving demand conditions, and the firm has raised its estimates and target prices across the group, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFII:
- J.B. Hunt price target raised to $280 from $250 at BofA
- TFI International participates in a conference call with JPMorgan
- TFI International price target raised to $145 from $129 at Goldman Sachs
- TFI International price target raised to $162 from $134 at CIBC
- Midday Fly By: OpenAI said to miss targets, Coca-Cola reports Q1 beat