The Globe and Mail reports in its Wednesday edition that Citi's Ariel Rosa thinks TFI International is "too cheap to ignore." The Globe's David Leeder writes that Mr. Rosa continues to rate TFI "buy," with an unchanged share target of $108 (U.S.). Mr. Rosa says in a note: "TFI International appears to be recovering from challenges of the past several quarters, with a better-than-expected 490 basis points improvement in its U.S. LTL [less-than-truckload] adj. operating ratio from last quarter (94 per cent vs. our 96.5 per cent forecast). Nevertheless, this still represents a 320 basis points year-over-year deterioration, reflecting the weak freight environment and the progress that TFI still has to make in managing costs for weaker demand conditions. ... We are encouraged that TFI noted opportunities for further U.S. LTL operational improvement, including implementing Optym software for pickup and delivery as a next step after implementing it for line-haul, which has helped reduce rail line-haul to nearly 20 per cent from over 30 per cent four years ago. ... We view TFI as attractive given its strong FCF generation, as mgmt. said it plans to keep repurchasing shares as it 'cannot find another opportunity this cheap.'"