BMO Capital Maintains Market Perform Rating for TFI International: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for TFI International (NYSE:TFII) and increased its price target from $130.00 to $140.00. Despite this, TFI International's shares are currently trading at $142.30, indicating a potential 1.62% decrease if the price target is met. TFI International, a Canada-based transportation and logistics company, operates in four segments and generates most of its revenue domestically, followed by the United States.
February 12, 2024 | 5:00 pm
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BMO Capital maintains Market Perform rating for TFI International, raising its price target from $130 to $140, while shares trade at $142.30.
The maintenance of the Market Perform rating by BMO Capital, coupled with the increase in price target, suggests a positive outlook on TFI International's performance. However, the current trading price being above the new target indicates a potential short-term downside risk. This analysis is based on the current market performance and the analyst's revised target, reflecting a cautious but optimistic view on the company's future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100