TFI International price target lowered to $128 from $134 at CIBC

CIBC lowered the firm’s price target on TFI International to $128 from $134 and keeps an Outperformer rating on the shares. The company lowered its 2023 earnings guidance as the macro environment has become more uncertain, the analyst tells investors in a research note. Nonetheless, the firm says its long-term outlook for TFI remains unchanged. It continues to see the company benefiting from "several self-help levers."