10 Best Canadian Dividend Stocks to Buy for the Next 5 Years

7. TFI International Inc. (NYSE:TFII)

Number of Hedge Fund Holders: 29

On June 23, Goldman Sachs raised its price recommendation on TFI International Inc. (NYSE:TFII) to $168 from $145. It reiterated a Buy rating on the stock. The analyst said the firm’s outlook for less-than-truckload (LTL) and truckload stocks has improved through 2028. Higher upside scenarios reflect the possibility of a stronger freight recovery cycle. The analyst added that despite the sector’s sharp recent share gains, continued early-cycle momentum and the beginning of earnings upgrades support a constructive view if demand rebounds faster than expected.

On June 15, Citi also raised its price goal on TFII to $188 from $163. It maintained a Buy rating on the shares. The analyst noted that many trucking stocks are trading near all-time highs, reflecting “elevated optimism,” according to a research note. At the same time, Citi has become more cautious on the trucking sector and downgraded four companies in the group.

TFI International Inc. (NYSE:TFII) is a transportation and logistics company that operates across the United States, Canada, and Mexico through its subsidiaries. The company operates through three business segments: Less-Than-Truckload (LTL), Truckload (TL), and Logistics.