The Globe and Mail reports in its Tuesday, Nov. 4, edition that RBC analyst Walter Spracklin is keeping his "outperform" call on TFI International intact. The Globe's David Leeder writes that Mr. Spracklin gave his share target a $4 trim to $102 (all figures U.S.). Analysts on average target the shares at 109.39. Mr. Spracklin believes TFI International shares are trading at a "significantly unjustified" low valuation, positioning the Montreal-based transportation and logistics company for a recovery. Mr. Spracklin says in a note: "With management issuing a Q4 guide that came in well below expectations, the shares were primed for a fairly negative reaction [Friday] (opening down 4 per cent). However, a number of factors that were brought up on the call (including the CEO pointing to the 'sun coming up' in 2026), reversed the negative sentiment and the shares are up a healthy 2 per cent on the day." On Friday, TFI reported adjusted earnings per share for the quarter of $1.20, matching the Street's expectation while falling just a penny below Mr. Spracklin's forecast. "Management is showing success in controlling the controllables. Despite the weak freight demand, management has orchestrated a very nice turnaround."