GFL Environmental price target raised to $60 from $53 at TD Cowen

TD Cowen raised the firm’s price target on GFL Environmental (GFL) to $60 from $53 and keeps a Buy rating on the shares. The firm says GFL’s 2028 targets are ambitious but achievable and make 2025 guidance look very conservative, likely enabling a head-start on 2028 execution. Free cash flow conversion could put “the nail in the bear’s coffin,” and TD believes accelerating M&A growth and peer-leading margin improvement will force a re-rating of the company’s valuation.