The Globe and Mail reports in its Tuesday edition that National Bank Financial analyst Cameron Doerksen has upgraded his recommendation for TFI International to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a $5 trim to $217. Analysts on average target the shares at $198.63. Mr. Doerksen says in a note: "We still believe a better freight market backdrop could materialize later in 2024 and into 2025. We also see earnings growth tailwinds for the company in 2024 and 2025 driven by margin improvement in the U.S. LTL [less-than-truckload] segment and from the integration of recently acquired Daseke. Finally, as we detailed in our Q1/24 preview), there is strong upside potential for the stock if the company moves forward with the split into two separate publicly traded companies at some point in late 2025 or early 2026. TFI management introduced 2024 guidance for EPS of $6.75 to $7, which comes in below our prior forecast of $7.52 and the consensus of $7.31 so we expect downward estimate revisions following the Q1 print (we also lowered our forecast). ... TFI is targeting $825-million to $900-million in free cash flow this year."