TFI International price target raised to $118 from $110 at CIBC

CIBC analyst Kevin Chiang raised the firm’s price target on TFI International (TFII) to $118 from $110 and keeps an Outperformer rating on the shares. On the back of the firm’s note title “Expected Surge In Chinese Imports With U.S./China Trade De-escalation,” CIBC has seen an improved sentiment across the freight transportation sector given the 90-day delay in the 145% tariffs on Chinese goods, along with the corresponding reduction on U.S. goods imported to China to 10%. The firm believes this helps de-risk the outlook for the freight sector.