CIBC analyst Kevin Chiang lowered the firm’s price target on TFI International to $147 from $159 and keeps an Outperformer rating on the shares. While TFI reported a softer than expected Q3, the company maintains a positive long-term outlook, the analyst tells investors in a research note. The firm views the pullback in the stock post the results as a good entry point. TFII continues to benefit “from a number of self-help levers,” says CIBC.
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