GFL Environmental assumed with an Outperform at RBC Capital

RBC Capital assumed coverage of GFL Environmental with an Outperform rating with a price target of $46, up from $43. The firm is positive on the company’s attractive characteristics within the North American Waste industry, where it is the 4th largest player, along with its positioning as a leading consolidator, the analyst tells investors in a research note. RBC also cites GFL Environmental’s anticipated leverage reduction and potential upside to its valuation as the company executes on the above-noted opportunities.