TFI International price target raised to $138 from $105 at Susquehanna
The Fly

TFI International price target raised to $138 from $105 at Susquehanna

Susquehanna analyst Bascome Majors raised the firm’s price target on TFI International (TFII) to $138 from $105 and keeps a Neutral rating on the shares. The analyst said management established a credible case for a mid-$7.00 EPS floor in 2023, while encouraging investors to look across the valley with an active discussion of large-scale M&A in 2024 and a surprise ~$100M / ~4% investment in competing union U.S. LTL carrier ARCB (ARCB).

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on TFII:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App