Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

TFI International Inc. (TFII.N)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-04-01	100.40	120.00	Neutral
2022-05-02	79.72	88.00	Neutral
2022-07-29	99.93	104.00	Neutral
2022-11-10	100.89	111.00	Neutral
2023-02-06	116.28	122.00	Neutral
2023-04-28	107.80	113.00	Neutral
2023-06-01	107.90	143.00	Buy
2024-02-12	143.84	175.00	Buy
2024-04-29	135.78	163.00	Buy
2025-02-21	94.71	107.00	Neutral
2025-04-30	81.33	88.00	Neutral

Disclosures

UBS Securities LLC makes a market in the securities and/or ADRs of this company.
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.