GFL Environmental price target raised to $56 from $54 at Scotiabank

Scotiabank analyst Konark Gupta raised the firm’s price target on GFL Environmental (GFL) to $56 from $54 and keeps an Outperform rating on the shares. The firm is updating its price target on the stock after Q1 results topped expectations, the analyst tells investors. The positive view on the stock reflects expected marketing and acquisition acceleration, fast improvement in margin and free-cash flow conversion, and investment-grade credit rating, the firm adds.