TFI International (TFII) PT Raised to $171 at RBC Capital

RBC Capital analyst Walter Spracklin raised the price target on TFI International (NYSE: TFII) to $171.00 (from $162.00) while maintaining a Outperform rating.

The analyst comments "TFII put up a strong Q2 driven by solid early progress with Daseke. In terms of takeaways management reaffirmed the 2024 guide despite a tough freight backdrop as the leadership team effectively managed costs, remained disciplined on volumes, and continued to execute on tuck-in M&A. While we expect the weak trucking environment to weigh on results for the foreseeable future, we view robust FCF as underappreciated and see a number of upcoming catalysts as not appropriately reflected in the shares at current levels, namely a large (potential) acquisition in 2025 and a spin-out in 2026. Reiterate OP."

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