UBS analyst Jon Windham maintained a Buy rating on GFL Environmental today and set a price target of $60.00.
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Jon Windham has given his Buy rating due to a combination of factors that highlight GFL Environmental’s strong performance and growth potential. The company is seen as a standout performer in the municipal solid waste sector, with its earnings growth significantly driven by mergers and acquisitions. GFL’s recent financial results have led to an upward revision of its adjusted EBITDA estimates for the upcoming years, reflecting a positive outlook.
Furthermore, GFL has increased its financial guidance for 2025, with expectations of substantial revenue growth largely attributed to its aggressive M&A strategy. The company has already made significant investments in acquisitions and anticipates further increases in M&A spending in the coming year. Additionally, the price target for GFL’s stock has been revised to $60, factoring in the company’s ownership stake in a recently divested business. These elements collectively support the Buy rating, indicating confidence in GFL’s continued growth trajectory.
According to TipRanks, Windham is a 5-star analyst with an average return of 12.8% and a 54.69% success rate. Windham covers the Industrials sector, focusing on stocks such as Casella Waste, Clean Harbors, and Generac Holdings.
In another report released today, Citi also maintained a Buy rating on the stock with a $58.00 price target.