Susquehanna raised the firm's price target on TFI International to $182 from $134 and keeps a Positive rating on the shares. Susquehanna believes the outlook remains strong for asset-based truckers. The new truckload upcycle is "shifting gears" with capacity further tightening, demand steady to improving, and spot pricing accelerating to nearly 50% year-over-year, the analyst tells investors in a research note. Susquehanna sees a path to a multiyear double-digit pricing opportunity, but with the "good news largely priced in," the firm remains selective in the trucking space.
