The Globe and Mail reports in its Thursday edition that TFI International remains a "constructive" investment, but its stock is seen as close to fair valuation by National Bank Financial analyst Cameron Doerksen. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen has reaffirmed his "sector perform" recommendation for TFI. He gave his share target a hefty $13 boost to $222. Mr. Doerksen says in a note: "Trucking industry peer group multiples based on current year forecasts are running near peak levels (especially for U.S. LTL [less-than truckload] peers) as the stocks anticipate a more constructive freight market later this year and into 2025. Indeed, the current FY1 EV/EBITDA multiple for the U.S. LTL peer group is 14.9 times, which is well-above the five-year average of 11.4 times and among the highest we've seen for the group in the past ten years (FY1 EV/EBITDA multiples during the peaks of 2021 were 16 times to 17 times). Similarly, TFI currently trades at 10.8 times consensus 2024 EV/EBITDA versus the stock's five-year average of nine times and close to the 11 to 13 times that TFI traded at throughout 2021." Mr. Doerksen warns TFI's first quarter of 2024 could come in "soft."