Stifel downgraded TFI International (TFII) to Hold from Buy with a price target of $142, down from $158. The company’s operating environment and network turnarounds are challenging, the analyst tells investors in a research note. The firm is encouraged by early progress from TFI post the UPS deal, but says “deeper-rooted problems will likely dampen and delay” less-than-truckload margin improvement and offset improvements in other parts of the business. Moreover, investors that were “tantalized by upside from a potential spinoff seemingly must wait until the market cap grows another 50%,” contends Stifel.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TFII:
- TFI International Announces Director Retirement
- TFI International price target lowered to $143 from $152 at BofA
- TFI International Posts Strong Q3 2024 Results
- TFI International Reports Strong Q3 Results Amid Challenges
- TFI International increases quarterly dividend to 45c per share, renews NCIB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
