TFI International price target raised to $129 from $109 at RBC Capital

RBC Capital analyst Walter Spracklin raised the firm’s price target on TFI International to $129 from $109 and keeps an Outperform rating on the shares. The company’s Q4 results were slightly below consensus, but its guidance was "nicely ahead" and did not include the "likely meaningful" acquisitions and M&A expected in 2023, the analyst tells investors in a research note. The firm is also raising its FY23 and FY24 EPS views by 20c to $7.60 and $8.60 respectively.