Jason Seidl, an analyst from TD Cowen, maintained the Buy rating on TFI International (TFII – Research Report). The associated price target was lowered to $128.00.
Jason Seidl’s rating is based on several strategic initiatives undertaken by TFI International to address challenges within its TForce division. Despite facing near-term headwinds such as weaker industrial demand and seasonal pressures, the company has implemented changes in its salesforce and leadership, which have already shown positive impacts on business operations.
Additionally, TFI International is investing in its equipment and workforce, indicating a commitment to long-term growth. While there are risks associated with the current economic environment, the company’s proactive measures and strategic shifts are seen as encouraging for its medium-term prospects, justifying the Buy rating.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TFII in relation to earlier this year.