-- RBC Capital Markets raised its price target on TFI International (TFII.TO, TFII) to US$158 from US$137.
Analyst Walter Spracklin maintained an Outperform rating on shares of the Canadian transport and logistics company following its Q1 results on Monday.
"With two quarters in a row of results beating (albeit lowered) expectations (Q1/26 EPS of $0.69 vs street $0.61), TFII has followed now with a quarter forward guide that (for the first time) is above expectations ($1.50 to $1.60 guide vs. street $1.31)," Spracklin said in a note to clients.
"While the stock has been on a run (up 40% from March lows), we believe there was still some trepidation around a conservative guide - and the stock still remains cheap relative to peers (at a P/E of 20.2x 2027 vs LTL (31x) and TL (24x) peers)," the analyst said.