National Bank Financial raised its price target on GFL Environmental Inc. (GFL.TO, GFL) to $70 from $66.
Analyst Rupert Merer maintained an Outperform rating on shares of the Canadian waste management company.
"We updated our estimates to account for strong Q3 results, guidance for FY'24E and other small recalibrations to our model," Meter said in a note to clients. "Our top-line forecasts remain above GFL's guide, given that our model accounts for M&A and GFL's guidance does not."
"With continued strong performance and accretive investments ramping up post-FY'24E, GFL is well positioned to unlock value for shareholders and close the valuation gap with peers," the analyst said.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。