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Monday's analyst upgrades and downgrades Add to ...

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Inside the Market’s roundup of some of today’s key analyst actions

Desjardins Capital Markets sees TransForce Inc.’s (TFI-T) announcement last week that it was acquiring the North American truckload operations of XPO Logistics for $558-million (U.S.), “as a very good transaction for TFI, in light of the attractive price tag (4.85-times enterprise value (EV) to  earnings before interest, taxes, depreciation and amoritization (EBITDA,) for a well-run business (EBITDA margin of about 21 per cent versus 13.4 per cent for TFI’s TL operations).

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