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TFI International upgraded to Buy from Neutral at BofA

BofA upgraded TFI International (TFII) to Buy from Neutral with a price target of $161, up from $122. Following a logistics and truckload-led beat in Q1, the firm sees favorable supply side and industrial demand catalysts, the analyst tells investors. The firm sees potential for strong cash generation, idiosyncratic U.S. less-than-truckload operational improvement, and upside from supportive specialty/flatbed rate dynamics, the analyst added.

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