TD Cowen raises TFI International stock price target to $130 on Q4 beat

TD Cowen analysts raised their price target for TFI International stock to $130 following the transportation company's stronger-than-expected fourth quarter results, which exceeded market projections and demonstrated resilience in a challenging economic environment. The Canadian transportation and logistics firm, headquartered in Montreal, reported quarterly earnings that surpassed analyst consensus on both top and bottom lines, driven by increased demand in its less-than-truckload (LTL) division and successful cost containment measures. The improved financial performance prompted TD Cowen to upgrade their rating on the stock, citing TFI International's solid market position and optimistic growth outlook for the upcoming fiscal year. Industry observers note that this positive assessment comes amid increasing competition in the North American logistics sector, where TFI International has been expanding its service offerings and geographic footprint through strategic acquisitions and operational improvements.