GFL Environmental price target raised to C$77 from C$76 at CIBC

CIBC raised the firm’s price target on GFL Environmental (GFL) to C$77 from C$76 and keeps an Outperformer rating on the shares. Heading into the Q1 earnings season, the firm says it does not expect any major guidance revisions from the Canadian rails or the waste sector. For its industrial/transportation coverage, the firm says waste fundamentals remain strong and it is “our preferred sector” in the face of growing economic and political uncertainty.