RBC Capital Markets raised its price target on GFL Environmental Inc. (GFL.TO, GFL) to US$52 from US$48.
Analyst Sabahat Khan maintained an Outperform rating on shares of the Canadian waste management company.
"GFL reported Q3 results that were in line with consensus (Solid Waste business continues to perform well) and reiterated its 2024 guidance," Khan said in a note to clients.
"With results checking all the boxes, investor focus... was on the company's commentary regarding the Environmental Services (ES) auction process (proceeds from the sale expected to be a minimum of $6 Billion after taxes)," the analyst said.
"Overall, we remain constructive on GFL shares given strong underlying results, the potential for a 'cleaner' story following the sale of the ES business, and a valuation that is still at a discount to peers."
(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。