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)