Secure Waste downgraded at Scotiabank after outperformance

As previously reported, Scotiabank analyst Konark Gupta downgraded Secure Waste (SECYF) to Sector Perform from Outperform with a price target of C$22, up from C$19, after updating ratings among the firm’s waste coverage based on relative stock performances over the past year. Heading into Q3 earnings, the firm views GFL Environmental (GFL) and Waste Connections (WCN) as relatively better positioned than larger U.S. peers with an ability to meet consensus and maintain or raise guidance, the analyst added in a preview for the group.