02:39 PM EDT, 03/26/2024 (MT Newswires) -- National Bank is maintaining its Sector Perform rating on TFI International ( TFII ), and lifted its target to $222.00 from $209.00 previously as it updates its forecast and valuation ahead of Q1/24 results.

"Although we remain constructive on TFII, our more neutral view on the stock is rooted in what we view as close to fair valuation, at least in the near term," writes analyst Cameron Doerksen. TFII shares are currently trading at 21.4x the 2024 consensus EPS estimate, which is below the weighted average peers of 23.8x, but above the stock's five-year average of 16.3x.

Price: 216.12, Change: -0.42, Percent Change: -0.19