TFI's Asset Sale Prompts Price Target Hike At RBC Capital


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • RBC Capital analyst Walter Spracklin raised the price target for TFI International Inc (NYSE:TFII) to $115 (an upside of 11%) from $112 while maintaining the Outperform rating on the shares.
  • The analyst stated that he is taking a positive view on the sale of CFI’s Truckload, Temp Control, and Mexican non-asset logistics businesses to Heartland Express, Inc. (NASDAQ:HTLD) for $525 million.
  • RelatedHeartland Express Buys Contract Freighters Truckload Business For $525M
  • Spracklin believes the sale represents a continuation of a strategic shift toward asset-light and higher returning businesses.
  • The analyst views M&A as a key catalyst for the shares and has taken higher the price target, driven by an increased likelihood in his view of an upcoming acquisition.
  • Price Action: TFII shares are trading higher by 2.35% at $103.63 on the last check Tuesday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Analyst ColorNewsPrice TargetReiterationSmall CapAnalyst RatingsBriefs