TFI International price target raised to C$191 from C$183 at National Bank

National Bank analyst Cameron Doerksen raised the firm’s price target on TFI International to C$191 from C$183 and keeps a Sector Perform rating on the shares. The stock has been boosted by the shutdown of major U.S. LTL competitor, Yellow Corp, but the key question is whether the volume pick-up and pricing improvements that most LTL carriers reported immediately following the failure of Yellow can be sustained, the analyst tells investors in a research note. The firm adds that the recent mid-quarter updates from other U.S. LTL peers “suggest they can be”, also citing the sequential volume improvements and pricing strength highlighted on TFI’s recent Q2 earnings call.