The Globe and Mail reports in its Wednesday, June 14, edition that National Bank Financial analyst Cameron Doerksen has reaffirmed his "outperform" recommendation for TFI International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen knocked his share target back by $8 to $165. Analysts on average target the shares at $155.61. Mr. Doerksen says the freight market remains "weak." He sees, however, "abundant" opportunities from the mergers-and-acquisition market. Mr. Doerksen says in a note: "Consistent with the mid-quarter updates from some of its U.S. LTL [less than truckload] peers, TFII is not seeing the normal seasonal uptick in volumes in its U.S. LTL segment in Q2. TFI is also seeing volume pressure in its specialized TL, Canadian TL, and Canadian LTL businesses more recently. With volumes out of its control, TFII is focused on adjusting its cost base to protect margins. ... We remain positive on the company's prospects over the longer-term with expected margin expansion in the LTL segment in 2024 and ongoing small and medium-sized M&A to continue." The Globe says Mr. Doerksen now believes that a rebound in freight will come in 2024 instead of later this year.