Stifel analyst Shlomo Rosenbaum lowered the firm’s price target on GFL Environmental (GFL) to C$65 from C$84 and keeps a Buy rating on the shares. The firm believes the GFL investor narrative is changing due to the Secure Waste Infrastructure (SECYF) acquisition and it expects the shares to trade at an EV/EBITDA discount to the solid waste peer group, the analyst tells investors.
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