TFI International price target lowered to $162 from $173 at RBC Capital

RBC Capital lowered the firm’s price target on TFI International to $162 from $173 but keeps an Outperform rating on the shares after its Q1 earnings miss. The company’s Q1 was challenged, with results coming in below expectations, the analyst tells investors in a research note. TFI International is re-centering on service and improving the efficiency of its hauls, and RBC sees improving company-specific fundamentals, though on the other hand, sentiment generally has trended with expectations on corporate activity, and indication on the call was that these would be pushed out to 2025/26, the firm addd.