Stifel resumed coverage of GFL Environmental (GFL) with a Buy rating and C$86 price target The firm is “positively inclined” on the solid waste space, saying the stocks should be compounders over time. However, the sector is low-beta and will likely underperform in a risk-on environment, the analyst tells investors in a research note. Stifel believes GFL offers the best combination of “self-help levers and acquisition opportunity” in the public solid waste space.
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