02:16 PM EDT, 10/23/2024 (MT Newswires) -- TFI International ( TFII ) reported weaker-than-expected results that were led by LTL and Truckload. The company has also revised F2024 lower. BMO expects F2025 consensus to decline.

Analyst Fadi Chamoun notes that the largest drivers of go-forward stock performance continue to be accretive capital deployment and a turnaround of U.S. LTL.

"With the timeline for a cyclical recovery being pushed further out, our forecasts are reduced, and we lower our target price to $145 from $155 prior."

TFII is rated Market Perform.

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