TFI International price target raised to $141 from $106 at JPMorgan

JPMorgan raised the firm’s price target on TFI International (TFII) to $141 from $106 and keeps an Overweight rating on the shares. The firm adjusted price targets in the transportation and logistics group as part of a Q4 preview. “Enforcement actions chipped away at lingering overcapacity” in Q4, the analyst tells investors in a research note. However, JPMorgan thinks the recent rally in the shares “will hit a rough patch when normal seasonality turns into a headwind” for spot truckload rates during Q1. This will “tempt the market to take profits in what will be another year of consistent uncertainty,” contends the firm.