BofA downgraded GFL Environmental to Neutral from Buy with an unchanged price target of $35. GFL finished 2023 as the second best performing waste stock and the firm now sees only moderate upside to its target, the analyst tells investors. While reigniting growth initiatives is positive in the long-term, it likely weighs on valuation in the near-term, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GFL:
- GFL Environmental price target raised to C$55 from C$52 at National Bank
- GFL Environmental Inc. Announces Quarterly Dividend
- GFL Environmental named a best idea for 2024 at TD Cowen
- GFL Environmental price target lowered to C$52 from C$54 at National Bank
- GFL Environmental provided update on its FY24 capital allocation strategy
