TFI International price target raised to $139 from $123 at CIBC

CIBC analyst Kevin Chiang raised the firm’s price target on TFI International (TFII) to $139 from $123 and keeps an Outperformer rating on the shares. A potential labor disruption or suspension of operations at Yellow Corp. (YELL) would impact TFI, driving higher shipments per day and yields while accelerating its timeline towards a low- to mid-80% operating ratio, the analyst tells investors in a research note. The firm sees the turmoil surrounding Yell as benefiting the incumbent less than truckload players.