TFI International price target raised to $125 from $123 at Cowen

Cowen analyst Jason Seidl raised the firm’s price target on TFI International to $125 from $123 and keeps an Outperform rating on the shares. The analyst calls TFII a Best Idea for 2023 but he stays conservative on 2023 earnings and revenues taking a wait and see approach, acknowledging that there may be upside to his estimates if transport pricing rebounds in 2H23.