BMO Capital Reiterates Market Perform Rating on TFI International (TFII)

BMO Capital analyst Fadi Chamoun reiterated a Market Perform rating and $155.00 price target on TFI International (NYSE: TFII).

The analyst comments "Based on our sum-of-the-parts analysis, we believe that TFII's current valuation already discounts a healthy level of improvement in results going forward, including a significant reduction in U.S. LTL operating ratio to mid/low 80%. The upside opportunity from current level is, in our opinion, a function of future accretive M&A where management has a positive established track record. Low visibility into a freight cycle recovery and a limited margin of safety in valuation keeps us on the sideline with a Market Perform rating."

For an analyst ratings summary and ratings history on TFI International click here. For more ratings news on TFI International click here.

Shares of TFI International closed at $140.17 yesterday.

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