TFI International price target raised to $171 from $162 at RBC Capital

RBC Capital raised the firm’s price target on TFI International to $171 from $162 and keeps an Outperform rating on the shares. The company put up a strong Q2 driven by solid early progress with Daseke, the analyst tells investors in a research note. The weak trucking environment is expected to weigh on results for the foreseeable future, but TFI’s “robust” free cash flows are underappreciated, with a number of upcoming catalysts not being “appropriately reflected in the shares”, RBC added.