BofA raised the firm’s price target on GFL Environmental to $38.50 from $35 and keeps a Neutral rating on the shares following what the firm calls a “solid finish to a critical year.” The firm, which is updating its estimates post Q4 results, notes that GFL’s CEO is attending a BofA event next week and it will “look for clues” on the portfolio transformation, GFL Infrastructure and visibility to free cash flow targets in out-years.
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Read More on GFL:
- GFL Environmental Reports Fourth Quarter and Full Year 2023 Results; Provides Full Year 2024 Guidance
- GFL Environmental initiated with a Buy at UBS
- GFL Environmental downgraded to Neutral from Buy at BofA
- GFL Environmental price target raised to C$55 from C$52 at National Bank
- GFL Environmental Inc. Announces Quarterly Dividend
