BofA lowered the firm’s price target on TFI International (TFII) to $90 from $92 and keeps an Underperform rating on the shares. Following the company’s Q3 call, the firm updated its model, as TFI highlighted a soft start to October and targets Q4 EPS of 80c-90c, well below the firm’s estimate of $1.21 and the Street’s estimate of $1.16. BofA added that its multiple remains near the top of its 11x-17x range as earnings close in on a trough in 2025, and sees potential for idiosyncratic U.S. less-than-truckload operational improvement.
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Read More on TFII:
- TFI International Reports Decline in Q3 2025 Earnings Amid Market Challenges
- TFI International reports Q3 adjusted EPS $1.20, consensus $1.20
- TFI International sees Q4 adjusted EPS 80c-90c, consensus $1.20
- TFI International price target lowered to $94 from $96 at Stifel
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