In a report released today, Bryan Burgmeier from Citi reiterated a Buy rating on GFL Environmental, with a price target of $58.00.
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Bryan Burgmeier has given his Buy rating due to a combination of factors that highlight GFL Environmental’s strong performance and future potential. The company’s shares have risen by 5.7% following a second-quarter earnings beat and an upward revision of the 2025 guidance. Despite facing challenges such as unfavorable foreign exchange rates and commodity prices, GFL has managed to offset these with better-than-expected pricing, volume growth, and additional mergers and acquisitions.
Furthermore, GFL is poised for continued success with significant revenue rollovers anticipated for 2026, and the benefits from bonus depreciation are expected to increase. The company’s strategic moves, including potential monetization of a stake in GIP, could further aid in deleveraging. With these positive developments, Bryan has updated the target price to $58, reflecting the company’s robust growth prospects and strategic initiatives.
In another report released on August 1, UBS also maintained a Buy rating on the stock with a $63.00 price target.