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  5. TFII: Trying to understand recent moves of TFII. [TFI International Inc.]

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Q: Trying to understand recent moves of TFII. It continues to drift lower but analysts are posting reports with buy recommendations well over current price. Can you shed light on what, if any relationship, there is between stock price and analyst recommendations and target prices? I know its not a linear relationship but what?
Asked on April 30, 2024
5i Research Answer:
There is some correlation between analysts' prices and stock prices, but it is not high....
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