Wells Fargo analyst James Monigan raised the firm’s price target on TFI International to $130 from $115 and keeps an Overweight rating on the shares. The firm notes Q4 results missed, but TFI appears favorably positioned in 2023. The 2023 EPS outlook for $7.50-$7.60 is likely conservative given TFI’s history, as it excludes M&A and factors in anticipated, but not realized, softness, Wells says.
Published first on TheFly
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