TFI International Inc: JPMorgan Raises Valuation on Operational Efficiencies

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TFI International Inc. (TFII:CA) (TFII)

JPMorgan has raised its 12-month price target on TFI International Inc. from $139 to $159, reflecting growing confidence in the company’s ability to outperform peers in the transportation and logistics sector. The upward revision comes as analysts cite improved cost efficiencies across key segments, including its Less-Than-Truckload (LTL), Truckload, and Logistics operations.

According to JPMorgan, TFI’s disciplined capital allocation, effective cost control measures, and continued optimization of acquired assets, particularly in the U.S. market, are setting the company apart from its competitors. The firm highlighted TFI’s ongoing integration efforts and margin expansion following its acquisition of UPS Freight (now TForce Freight) as a key source of upside.

JPMorgan also noted that management’s strong track record of executing on M&A and unlocking operational synergies enhances the company’s long-term visibility. With freight volumes expected to stabilize in the latter half of the year and input costs moderating, TFI is well-positioned to generate robust free cash flow, further supporting shareholder returns via dividends and buybacks.

Stock Forecast

Analyst community have a consensus rating of “Buy” on TFI International Inc. Analysts are broadly confident that TFI is well-positioned to benefit from improving freight conditions, internal cost discipline, and strategic acquisitions that have bolstered its North American footprint.

The average 12-month analyst price target of $135 suggests meaningful upside from current levels, implying that the market may still be undervaluing TFI’s long-term earnings power and efficiency gains. Many analysts cite the company’s track record of generating superior margins compared to industry peers, and its ability to integrate acquisitions like UPS Freight (now TForce Freight) as evidence of robust management execution.

This price target is also supported by expectations for margin expansion in key segments, continued growth in cross-border and e-commerce-related freight, and disciplined capital deployment that enhances return on invested capital. As macro pressures such as inflation and interest rates begin to ease, analysts believe TFI could re-rate higher as earnings momentum builds and sentiment around the transportation sector improves.

STA Research

STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.

TFI International Inc. (TFII:CA) (TFII)

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