The Globe and Mail reports in its Friday, April 25, edition that Citi analyst Ariel Rosa is keeping his "buy" ranking for TFI International intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rosa's share target soared $12 to $107 (all figures U.S.). Analysts on average target the shares at $114.12. Mr. Rosa says in a note: "We believe TFI International is near bottom-of-cycle earnings with significant EPS upside on cycle inflection. TFI has an exceptional track record of acquiring businesses and improving operations to drive value for shareholders. The company's management has honed a repeatable playbook that it consistently applies to both large acquisitions and small tuck-ins across various trucking businesses. The current M&A environment has also been favorable for TFI to conduct accretive M&A. We view CEO Alain Bedard and his management team as among the best capital allocators in the industry. Margin improvement opportunities exist at TFI's U.S. LTL segment (legacy UPS Freight) and the newly acquired Daseke truckload business. The impending spin/sale of TFI's truckload segment could also enable the remaining LTL business to see its multiple rerate."