National Bank cuts TFI International stock target to USD 148.00

National Bank Financial cut its target for TFI International from USD 161.00 to USD 148.00 on October 6, 2026, while retaining an outperform rating, according to MarketBeat. TFI International stock's prior close at Lang & Schwarz was EUR 101.20 on October 5, 2026.

Target cut meets third-quarter pressure

National Bank Financial analyst Cameron Doerksen expects TFI International's third-quarter 2026 earnings to fall within management's USD 1.70-1.80 per-share guidance, but lowered his forecast to USD 1.73 because of cost headwinds in U.S. less-than-truckload operations, The Globe and Mail reported on October 6, 2026.

The same analysis put the average target at USD 168.40, leaving the revised USD 148.00 target below that average. The combination matters because the target cut was paired with an outperform rating rather than a downgrade, separating the near-term cost issue from the longer-term freight thesis.

Second-quarter numbers set the benchmark

TFI International reported USD 2.29 billion of revenue and USD 1.85 of earnings per share for the second quarter of 2026, versus consensus of USD 2.23 billion and USD 1.59, respectively, according to MarketBeat. Revenue therefore exceeded consensus by USD 60.00 million, while earnings per share exceeded expectations by USD 0.26.

The second-quarter comparison gives investors a clear reference point for the third quarter. Management's USD 1.70-1.80 guidance is below the USD 1.85 reported in the second quarter, making execution in the U.S. less-than-truckload segment the key near-term test.

Results date and operating footprint

TFI International is scheduled to release third-quarter 2026 results on October 29, 2026, according to The Globe and Mail. The company operates across less-than-truckload, truckload and logistics businesses in North America.

TFI International says it has more than 26,400 employees, 12,800 drivers, 620 facilities and more than 100 operating companies, according to its TFI International investor page. That scale supports the diversification argument behind the positive rating, while the third-quarter guidance keeps cost control at the center of the next report.

Stock context for October 7

TFI International's primary-market context was USD 113.94 on the NYSE at 4:00 p.m. ET on October 6, 2026. Its market capitalization was USD 9.4 billion, and its 52-week range was USD 80.63 to USD 167.69.

At Lang & Schwarz, the prior close was EUR 101.20 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of TFI International stock.

More news and analyses on TFI International stock