The Globe and Mail reports in its Thursday, Jan. 9, edition that following GFL Environmental's sale of a majority interest in its environmental services business to two private equity firms, Apollo Global Management and BC Partners, for $6.2-billion in cash proceeds, ATB Capital Markets analyst Chris Murray raised his target for its shares to $80 from $75 with an "outperform" recommendation. Analysts on average target the shares at $66.89. Mr. Murray says in a note, "We are constructive on the accelerated deleveraging, helping alleviate longstanding investor concerns surrounding leverage levels while providing a more visible path to an investment grade credit rating, stronger FCF conversion, and balance flexibility to pursue growth initiatives, including M&A." The Globe reported on June 19 that Mr. Murray had resumed coverage on GFL Environmental with an "outperform" recommendation. The shares could then be had for $52.60. The Globe reported on Dec. 20 that CIBC World Markets analyst Kevin Chiang continued to rank GFL Environmental "outperformer." The shares could then be had for $64.91.