The Globe and Mail reports in its Tuesday, Dec. 12, edition that CIBC World Markets analyst Kevin Chiang continues to rate TFI International "outperformer." The Globe's David Leeder writes in the Eye On Equities column that Mr. Chiang advanced his share target by $5 (U.S.) to $152 (U.S.). Analysts on average target the shares at $144 (U.S.). Mr. Chiang says in a note: "We are adjusting our estimates to reflect the recent operational updates provided by a number of U.S. LTL [less-than-truckload] companies. While our Q4/23 estimated EPS moves lower, we remain optimistic about TFI International's earnings recovery into next year given company-specific levers. TFI International remains a preferred name among the freight companies we cover." The Globe reported on Oct. 26 that National Bank Financial analyst Cameron Doerksen had reaffirmed his "sector perform" recommendation for TFI International. It was then worth $108.50 (U.S.) The Globe reported on Oct. 31 that RBC Dominion Securities analyst Walter Spracklin had reaffirmed his "outperform" recommendation and $133 (U.S.) share target for TFI International. It was then worth $110.62 (U.S.).
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