TFI International Inc: JPMorgan Raises Valuation on Operational Efficiencies

TFI International Inc: JPMorgan Raises Valuation on Operational Efficiencies

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.

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