TFI International Inc (TFII) stock is soaring 5.33% in pre-market trading on Tuesday, as investors respond positively to a series of analyst upgrades and increased price targets. The transportation and logistics company has received favorable assessments from several prominent financial institutions, signaling growing confidence in its future performance.
Leading the charge, JP Morgan has significantly raised its target price for TFI International to $116 from $101. This bullish outlook is echoed by other major firms, with BMO Capital Markets increasing its target to $100 from $93, and Stifel adjusting its projection upwards to $96 from $91. Additionally, Susquehanna has reiterated its Buy rating on the stock with a price target of $105.
These upgrades come at a time when the industrial goods sector is receiving increased attention from analysts. The collective boost in price targets suggests that financial experts anticipate strong performance from TFI International in the coming months, likely driven by positive business fundamentals and potential growth opportunities in the transportation and logistics industry.
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