GFL Environmental price target raised to $58 from $54 at Truist

Truist raised the firm’s price target on GFL Environmental (GFL) to $58 from $54 and keeps a Buy rating on the shares. The firm sees the company transitioning into the “boring easy-to-like stage”, where industry-leading EBITDA margin expansion and free cash flow growth can shine without the burden of high leverage and shareholder concentration, the analyst tells investors in a research note. GFL shares are poised to garner significant new mutual fund and pension fund ownership, Truist contends.