The Globe and Mail reports in its Wednesday, June 19, edition that ATB Capital Markets analyst Chris Murray resumed coverage on GFL Environmental following the close of its $500-million note issuance. The Globe's David Leeder writes in the Eye On Equities column that Mr. Murray does not see the sale of the entire company as "feasible." Mr. Murray has reiterated his "outperform" recommendation and Street-high share target of $66. Analysts on average target the shares at $53.27. On June 4, the Globe reported that GFL had retained JPMorgan to assess two buyout offers -- one for the entire business and another for its environmental services division. Mr. Li says in a note: "We believe the company should fetch 17 times to 18 times 2024 estimated EBITDA in a takeout scenario, an enterprise value of $41-billion reflecting the value of executing the current strategy, implying a fair value of $76 per share. More interesting to us is the idea of selling the ES division, which could accelerate deleveraging and permit a sizable buyback. The key in this scenario is the market response to the remaining solid waste business earnings and the multiple expansion driven by a more conventional capital profile."