These Analysts Slash Their Forecasts On TFI International Following Downbeat Q3 Results
Portfolio Pulse from Avi Kapoor
TFI International (NYSE:TFII) reported weaker-than-expected Q3 earnings, missing both EPS and sales estimates. Despite this, the company increased its dividend by 13% and improved cash flow. Analysts have adjusted their price targets, with some downgrading the stock.
October 23, 2024 | 5:55 pm
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TFI International reported Q3 earnings below expectations, leading to a 1.8% drop in share price. Despite this, the company raised its dividend by 13% and improved cash flow. Analysts have adjusted their price targets, with Stifel downgrading the stock.
TFI International's Q3 earnings miss led to a negative market reaction, with shares dropping 1.8%. The dividend increase is a positive sign, but analysts' lowered price targets and a downgrade from Stifel suggest short-term pressure on the stock.
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