GFL Environmental initiated with an Outperform at Wolfe Research

Wolfe Research initiated coverage of GFL Environmental (GFL) with an Outperform rating and C$74 price target GFL Environmental remains a relative newcomer in the solid waste industry, but its growth versus peers appears sustainable as margins, free cash flow, and leverage rapidly improve toward levels seen at more established competitors, the analyst tells investors in a research note. The company represents a compelling rate-of-change story as operational and financial metrics continue to strengthen, the firm says.