Wells Fargo analyst James Monigan raised the firm’s price target on TFI International to $150 from $120 and keeps an Overweight rating on the shares. The firm notes that while the company lowered EPS guidance to $6.00-$6.50 and headwinds have exceeded expectations, there is improvement as U.S. LTL’s outlook is improving and 2024’s OR could improve by 500bp year-over-year.
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