CIBC raised the firm’s price target on TFI International to $159 from $156 and keeps an Outperformer rating on the shares. The firm says that while it has seen a downward revision across the Canadian transport equities space on weaker freight volumes and/or rising fuel costs, TFI is an outlier. The company is benefitting from the Yellow bankruptcy, which has led to a positive inflection point within the less-than-truckload sector, the analyst tells investors in a research note.
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