As previously reported, BofA analyst Ken Hoexter downgraded TFI International (TFII) to Underperform from Neutral with a price target of $109, down from $136, citing accelerating costs, likely flat earnings in 2025, and increasing loss of profitable small- to-medium sized business customers. TFI CEO Alain Bedard noted that it is losing profitable small- to medium-sized business customers at an accelerated pace, pressuring margins, notes the analyst, who decreased the firm’s 2025 and 2026 EPS estimates 12% and 8%, respectively, to $5.70 and $7.65.
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