GFL Environmental price target raised to $57 from $50 at UBS

UBS analyst Jon Windham raised the firm’s price target on GFL Environmental (GFL) to $57 from $50 and keeps a Buy rating on the shares. The deleveraging story is largely complete as a result of the environmental services business divestiture and the potential for upside to guidance from incremental M&A, the analyst tells investors in a research note. UBS expects GFL to transition from a leverage reduction model to a constant leverage ratio growth model.