Goldman Sachs analyst Jordan Alliger lowered the firm’s price target on TFI International (TFII) to $184 from $189 and keeps a Buy rating on the shares. The firm’s Q3 EPS forecasts move lower for less-than-truckload shippers, and hence its 2025/2026 EPS forecasts are lowered on lower baselines, primarily reflecting broadly weak mid-Q3 operational updates from the companies, apart from the “still-solid volume intake trends” seen for Saia (SAIA) as it continues to layer on new terminal openings across its network, the analyst tells investors in a preview.
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Read More on TFII:
- TFI International price target lowered to $160 from $173 at Wolfe Research
- Wolfe Research sees ‘mixed bag’ across freight, no signs of broad recovery
- TFI International initiated with a Buy at Citi
- TFI International downgraded to Equal Weight from Overweight at Stephens
- TFI International Announces Q3 Financial Results Webcast