5 Best Canadian Infrastructure Stocks to Buy Now

3. TFI International Inc. (NYSE:TFII)

On June 2, 2026, Susquehanna raised the firm’s price target on TFI International Inc. (NYSE:TFII) to $182 from $134 and maintained a Positive rating on the shares. The firm said the outlook remains strong for asset-based truckers, with the new truckload upcycle “shifting gears” as capacity tightens further, demand remains steady to improving, and spot pricing accelerates to nearly 50% year-over-year. Susquehanna sees a path to a multiyear double-digit pricing opportunity, though it said the good news is largely priced in and remains selective in the trucking space.

Last month, BMO Capital raised the firm’s price target on TFI International Inc. (NYSE:TFII) to $140 from $115 and maintained a Market Perform rating on the shares as part of a broader transportation note. BMO said leading demand indicators, Q1 commentary from transportation and industrial companies, and volume and weight-per-shipment trends in the LTL sector point to improving demand conditions.

Earlier, CIBC raised the firm’s price target on TFI International Inc. (NYSE:TFII) to $162 from $134 and maintained an Outperformer rating on the shares. The firm said the company’s Q1 results beat expectations and that the earnings call indicated strong momentum exiting the quarter. CIBC also raised its estimates following the earnings print.

TFI International Inc. (NYSE:TFII) provides transportation and logistics services in the United States, Canada, and Mexico.