The Globe and Mail reports in its Wednesday, May 28, edition that National Bank Financial analyst Michael Doumet thinks investors "should own waste names." The Globe's David Leeder writes in the Eye On Equities column that in a report titled Turning Trash into Cash, Mr. Doumet says, "An economic slowdown would negatively impact construction and industrial waste streams (although activity there is already subdued) but should only have a modest aggregate effect to revenue trends." Mr. Doumet started coverage on GFL Environmental with an "outperform" recommendation and a $76 share target. He expects GFL will "fare well" in a recession, low-growth environments and periods of elevated inflation. Analysts on average target the shares at $71.29. Mr. Doumet says in a note: "We believe there are no structural limitations for GFL to close the margin gap with its larger peers. While we see less upside from multiple expansion (following the rerate), its business optimization, an M&A re-acceleration, and an outsized contribution from RNG/recycling position GFL for the fastest EBITDA/share (more than 17 per cent) and FCFPS (more than 20 per cent) CAGR [compound annual growth rate]."