TFI International price target raised to C$222 from C$209 at National Bank

National Bank raised the firm’s price target on TFI International to C$222 from C$209 and keeps a Sector Perform rating on the shares. While most freight and trucking industry data is still pointing to relatively soft market conditions in the near term, a better freight market backdrop could materialize in the second half of 2024, the analyst tells investors in a research note. The firm says the U.S. less-than-truckload market is showing some signs of strengthening yields.