TFI International price target raised to $166 from $154 at BofA

BofA raised the firm’s price target on TFI International to $166 from $154 and keeps a Neutral rating on the shares. The firm lowered its Q1 trucking-related EPS estimates 5% on average, at truckload, less-than-truckload, truck brokerage, and airfreight carriers in its coverage, citing demand, rate, and margin pressure from the elongated freight downcycle.