CIBC analyst Kevin Chiang raised the firm’s price target on GFL Environmental (GFL) to C$77 from C$75 and keeps an Outperformer rating on the shares. The firm raised targets in the solid waste space as part of a Q1 earnings preview. The waste sector is “well-insulated in the face of uncertainty” with an inflation-plus pricing model and fuel surcharge programs, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GFL:
- Hold Your Nose and Consider This Waste Management Firm that Raised Its Dividend 10%
- BGL announces sale of Frontier Waste Solutions to GFL Environmental
- GFL Environmental Lifts Quarterly Dividend by 10%
- GFL Environmental increases quarterly dividend 10% to 1.69c per share
- GFL Environmental: Strategic Texas Acquisitions Drive Growth, Synergies, and Support Buy Rating