The Globe and Mail reports in its Tuesday, Jan. 23, edition that Scotia Capital analyst Konark Gupta has elevated his recommendation for TFI International to "sector outperform" from "sector perform." The Globe's David Leeder writes that Mr. Gupta's share target soared $35 to $215. Analysts on average target the shares at $180.07. Mr. Gupta says in a note: "We believe the recent outperformance is partly driven by the company's announcement in late December, 2023, that it intends to evaluate separating the company into two publicly traded businesses. ... While we are witnessing signs of a freight market rebound amid ongoing macro uncertainty and like TFI's self-help earnings growth story, we are more encouraged by its ability to create strong value for shareholders through not only acquisitions but also truckload segment spin-off, which could potentially materialize within the next two years. Our updated sum-of-the-parts (SOTP) analysis suggests further upside in shares, before any incremental upside from additional larger M&A and/or significant share buybacks." The Globe reported on Jan. 3 that Mr. Gupta had reaffirmed his "sector perform" call for TFI International when it could be had for $178.22.