CIBC lowered the firm’s price target on TFI International (TFII) to $141 from $160 and keeps an Outperformer rating on the shares. TFI International reported weaker than expected Q4 results, and also refrained from providing official guidance for 2025 given the uncertain macro environment, especially within TForce Freight, the analyst tells investors in a research note. While TFI’s earnings recovery story has been pushed out, CIBC sees a good risk/reward set-up.
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Read More on TFII:
- TFI International price target lowered to $127 from $156 at RBC Capital
- TFI International price target lowered to $135 from $165 at TD Cowen
- TFI International downgraded to Reduce from Buy at Veritas
- TFI International downgraded to Neutral from Buy at UBS
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