The Globe and Mail reports in its Wednesday, May 14, edition that Citi analyst Bryan Burgmeier has reiterated his "buy" recommendation for GFL Environmental. The Globe's David Leeder writes in the Eye On Equities that Mr. Burgmeier gave his share target a $3 boost to $56 (all figures U.S.). Analysts on average target the shares at $53.03. Mr. Burgmeier says in a note: "GFL targets $700-million to $900-million M&A spending per annum and based on the current pipeline, '25 could meet or exceed the range. Margin expansion, driven by underlying net price, is beating our expectations as help from extra workday commodities, FX and M&A was offset by headwinds from royalty payments in 1Q'24 ... We are 'buy' rated on GFL as the current valuation does not reflect medium-term growth potential and a pure-play solid Waste portfolio. We forecast 9-per-cent '24-'27 EBITDA CAGR [compound annual growth rate] from a positive net price spread, EPR contracts, and internal investments. With only MSD-percentage [mid-single-digits] market share and a cleaner balance sheet, GFL is positioned to grow revenue LSD-per-cent per annum [low single digits per year] from roll-up acquisitions for the next decade, in our view."