Stephens analyst Daniel Imbro lowered the firm’s price target on TFI International (TFII) to $110 from $138 and keeps an Equal Weight rating on the shares. TFII’s Q4 showed continued operating challenges, with U.S. less-than-truckload missing the firm’s estimates, and softening service, the analyst tells investors in a research note. While free cash flow could provide some downside support, the firm doesn’t see a near-term fundamental catalyst to become more constructive until LTL results improve.
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