13:47:28 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



TFI International Inc
Symbol TFII
Shares Issued 87,969,542
Close 2018-10-23 C$ 44.99
Market Cap C$ 3,957,749,695
Recent Sedar Documents

Globe says Tucci shifts TFI Int'l to "buy" from "hold"

2018-10-24 06:42 ET - In the News

The Globe and Mail reports in its Wednesday edition that Echelon Wealth analyst Gianluca Tucci hiked TFI International to "buy" from "hold." The Globe's David Leeder writes that Mr. Tucci boosted his share target to $55 from $50. Analysts on average target the shares at $52.35. Mr. Tucci says in a note: "While the Company sees favourable conditions in its largest division (TL) entering 2019, it has focused on consolidating operations in P&C, focusing on asset-light business models, and growing its Logistics and Last Mile business. The freight environment in the TL market has drastically improved in 2018, which has led to a marked increase in freight rates and betterment in volumes, with management continuing to focus on improving the network efficiency in the U.S. We remind investors that TFII's U.S. TL presence via its $558-million (U.S.) 2016 acquisition of XPO Logistics TL division makes it a serious player in that market -- we are witnessing conditions that are trending toward a more normalised balance and expect the Company to continue to outperform expectations as these results prove." Elsewhere, Desjardins analyst Benoit Poirier raised his share target to $53 from $48 with an unchanged "buy" rating.

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