01:16:50 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



TFI International Inc
Symbol TFII
Shares Issued 85,804,808
Close 2023-09-07 C$ 183.33
Market Cap C$ 15,730,595,451
Recent Sedar Documents

Globe says TFI International kept at "sector perform"

2023-09-07 07:37 ET - In the News

The Globe and Mail reports in its Thursday, Sept. 7, edition that National Bank Financial analyst Cameron Doerksen is sticking with his "sector perform" recommendation for TFI International. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen jacked his share target ahead by $8 to $191. Analysts on average target the shares at $175.07. The Globe says that Mr. Doerksen believes TFI International is poised to benefit from a "sustained improvement" in less-than-truckload volumes. Mr. Doerksen says in a note: "Like its LTL peers, TFI shares have been boosted by the shutdown of major U.S. LTL competitor, Yellow Corp. The key question is whether the volume pick-up and pricing improvements that most LTL carriers reported immediately following the failure of Yellow can be sustained. Recent mid-quarter updates from other U.S. LTL peers would suggest they can be. We also understand that the sequential volume improvements (up 13 per cent) as well as pricing strength highlighted on TFI's Q2 earnings call in the immediate wake of the Yellow failure continued through August. We are positive on the long-term prospects for TFI as we see earnings growth tailwinds in the coming quarters."

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