TD Cowen lowered the firm’s price target on TFI International (TFII) to $135 from $165 and keeps a Buy rating on the shares. The firm said the company appears to be running into significant challenges at Tforce freight and a reset of margin expectations limit upside in 2025 as claims ratio continues to worsen and customer loss becomes evident.
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Read More on TFII:
- TFI International downgraded to Reduce from Buy at Veritas
- TFI International downgraded to Neutral from Buy at UBS
- TFI International’s 2024 Earnings and Strategic Outlook
- BofA says TFI International ‘turning for worse,’ downgrades to Underperform
- TFI International downgraded to Underperform from Neutral at BofA