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).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on TFII:
- TFI International price target raised to C$185 from C$175 at TD Securities
- TFI International price target raised to C$189 from C$172 at Desjardins
- TFI International price target raised to C$171 from C$162 at National Bank
- TFI International price target raised to C$175 from C$170 at Scotiabank
- TFI International price target raised to $130 from $115 at Wells Fargo