GFL Environmental Price Target Raised to US$52 at RBC

MT Newswires Live

Nov 08, 2024

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)

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(GFL.TO, GFL) to US$52 from US$48.</p><p>Analyst Sabahat Khan maintained an Outperform rating on shares of the Canadian waste management company.</p><p>\"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.</p><p>\"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.</p><p>\"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.\"</p><p>(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)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GFL","symbol_name":"GFL Environmental Holdings Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2481708151","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481708151","pubTimestamp":1731071554,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"RBC Capital Markets raised its price target on GFL Environmental Inc. 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