GFL Environmental Price Target Raised to C$82 at CIBC

MT Newswires Live

Aug 31

CIBC Capital Markets raised its price target on GFL Environmental. (GFL.TO, GFL) to C$82 from C$76.

Analyst Kevin Chiang maintained an outperformer rating on shares of the waste-management company following media reports that GFL's sale process has advanced.

The stock rose C$2.64, or 4.6%, to C$59.54 on the Toronto Stock Exchange Friday.

"Even if GFL decides to remain a public company, we view these recent developments as raising the floor valuation for the company and suggesting that its equity was overly penalized back in April/May," Chiang said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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(GFL.TO, GFL) to C$82 from C$76.</p><p>Analyst Kevin Chiang maintained an outperformer rating on shares of the waste-management company following media reports that GFL's sale process has advanced.</p><p>The stock rose C$2.64, or 4.6%, to C$59.54 on the Toronto Stock Exchange Friday.</p><p>\"Even if GFL decides to remain a public company, we view these recent developments as raising the floor valuation for the company and suggesting that its equity was overly penalized back in April/May,\" Chiang said in a note to clients.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2211815571.USD","symbol_name":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2663008201","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663008201","pubTimestamp":1788178343,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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