Q: Any news behind the 5%+ gain on Friday. Stock has slowly gained back some of its losses since reporting a horrible Q4 2024 where management spelled out severe impact of freight recession and loss of market share. I have been patiently waiting for a better price to exit. What would you do ahead of Q2 results?
5i Research Answer:
While TFII is not out of the woods yet, we would be less inclined to exit when momentum has improved and the stock has the potential to recover. Yes, it may not have a great year but investors do look forward. On Jul 24 Stifel maintained its HOLD rating but raised its target price to US$91 from $88. There was no other recent news. It reports July 28. We would be comfortable holding into results. It's possible the company stays conservative with guidance but also possible in that case that investors view it as a 'trough' quarter as well.