The Globe and Mail reports in its Friday, Oct. 4, edition that Scotia Capital analyst Konark Gupta has reaffirmed his "sector outperform" recommendation and $50 share target for GFL Environmental (all figures U.S.). The Globe's David Leeder writes that analysts on average target the shares at $46.09. Mr. Gupta says in a note: "Waste companies have outperformed benchmarks over the long term, driven by their ability to compound earnings and deploy FCF toward inorganic growth and shareholder returns. While valuation multiples are rich today, we see potential for more value creation over time as pricing discipline remains strong, price/cost spread is sustained, volumes are due for a rebound, sustainability investments generate higher-margin returns, automation and energy transition improve efficiencies, and solid FCF generation drives more deleveraging, M&A, and shareholder returns. Based on our forecasts for 2024-2026, we see all five environmental services stocks potentially generating double-digit returns over the next two years, led by SES and GFL, followed by WCN, RSG, and WM. We have a greater preference for our top picks, GFL and SES, which we think offer stronger value creation potential over the next few years."