The Globe and Mail reports in its Wednesday, July 30, edition that National Bank Financial analyst Cameron Doerksen is keeping his "outperform" ranking for TFI International intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doerksen gave his share target a $2 trim to $40. Mr. Doerksen says in a note: "We maintain our 'outperform' rating on TFI International shares following Q2/25 results. Trucking end markets remain soft, and we do not anticipate any significant improvement in the near-term given the ongoing uncertainty around tariffs/trade that is impacting broader freight markets. As such, we believe the key catalyst for TFI International shares will be internally generated margin improvement, especially at the company's U.S. LTL [less-than-truckload] segment, and on that front we remain encouraged by the trends in Q2." The Globe reported on April 25 that Citi analyst Ariel Rosa rated TFI "buy." It was then worth $110.48. The Globe reported on July 11 that Scotia Capital analyst Konark Gupta had lowered his recommendation for TFI to "sector perform" from "sector outperform." It was then worth $123.12.