Citi lowered the firm’s price target on GFL Environmental (GFL) to $51 from $55 and keeps a Buy rating on the shares. The firm views the company’s acquisition of Secure Waste Infrastructure as mixed. However, the shares are oversold after dropping 10% since Monday’s announcement, the analyst tells investors in a research note.
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- Balanced Risk-Reward Keeps GFL Environmental at Hold Following SECURE Waste Acquisition
- GFL Environmental: Strategic Expansion via Secure Waste Acquisition Supports Buy Rating and Upside to C$60 Target
- Premium-Priced Secure Deal Heightens Volatility and Leverage Risk, Supporting Sell Rating on GFL
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