The Globe and Mail reports in its Friday, April 4, edition that National Bank's Cameron Doerksen upgraded TFI International to "outperform" from "sector perform." The Globe's David Leeder writes that Mr. Doerksen slashed his share target by $46 to $132. Analysts on average target the shares at $156.40. Mr. Doerksen believes TFI's valuation is becoming more enticing to investors. He says in a note: "Although trucking market conditions remain soft overall and the tariff uncertainty and the associated impact on North American economic growth will likely remain a headwind for the broader freight markets, the significant sell-off in TFI shares (down 46 per cent year-to-date versus DJ Trucking Index down 18 per cent) has created a more compelling entry point, in our view. ... Near-term results for TFI will remain depressed, and we are not optimistic for an earnings rebound this year. However, end markets will eventually rebound and TFI does have some self-help initiatives underway in both its LTL and TL segments to lower costs even if underlying volumes do not improve. ... We continue to value TFI shares using a sum of parts based on our 2026 forecast, which we have lowered to reflect a weaker economic outlook."