The Globe and Mail reports in its Friday edition that Scotia Capital analyst Michael Doumet has reaffirmed his "sector outperform" recommendation for GFL Environmental. The Globe's David Leeder writes in the Eye On Equities column that Mr. Doumet boosted his share target to $60 from $58. Analysts on average target the shares at $53.04. Mr. Doumet says in a note: "GFL's lagging share price effectively embedded lower expectations, which it comfortably exceeded. While the shares were up 5 per cent post-Q1, its valuation gap still remains: as it did prior to Q1. GFL trades at a 10-per-cent discount to its historical average (using EV/EBITDA), while its peers trade an average premium of more than 10 per cent to their historical averages. GFL's Q1 beat wasn't the biggest, but its margin expansion may be the highest in 2024. We also believe the valuation delta is partly due to the unfavorable setup in 2024: its EBITDA/FCF growth is slower because it is focused on delevering. However, whereas, in 2024, GFL is limiting M&A to fund RNG/EPR and delever its B/S more rapidly, in 2025, rising contributions from RNG/ EPR and a sizable FCF ramp should permit GFL to reaccelerate M&A and delever its B/S at a solid pace."