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
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