Morgan Stanley analyst Ravi Shanker raised the firm’s price target on TFI International to $176 from $169 and keeps an Overweight rating on the shares. A “challenging” Q4 “rounded out TFII‘s tougher-than-expected 2023,” but management is “teasing an organic $7+ EPS number for 2024,” big integration gains from Daseke, and ambitious strategic actions along with more balance sheet levers, giving investors “many ways to win,” the analyst contends.
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Read More on TFII:
- TFI International reports Q4 adjusted EPS $1.71, consensus $1.67
- TFI International Announces 2023 Fourth Quarter and Full-Year Results
- Tfi International Inc (TFII) Q4 Earnings Cheat Sheet
- TFI International initiated with a Buy at Deutsche Bank
- TFI International upgraded to Outperform from Sector Perform at Scotiabank