The Globe and Mail reports in its Wednesday edition that Citi analyst Bryan Burgmeier has kept his "buy" recommendation for GFL Environmental intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Burgmeier hiked his share target to $61 from $58 (all figures U.S.). Analysts on average target the shares at $56.02. For GFL, Mr. Burgmeier sees it currently on track to meet its fiscal 2028 objectives and predicts it could point to high-single-digits to low-double-digits year-over-year earnings before interest, taxes, depreciation and amortization growth in 2026. Mr. Burgmeier says in a note: "We forecast EBITDA up 10 per cent year-over-year to $2.174-billion as 70 basis points net price expansion in solid waste, ramping RNG production $30-million), further EPR benefits ($15-million) and rollover M&A more than offset lower commodity prices (a hit of $10-million). We model revenue up 7 per cent as up 5-per-cent core price and up 2.5-per-cent rollover M&A are partially offset by commodities. We model $935-million adj. FCF after $925-million base capex ($125-million growth capex added-back). Management could reiterate '28 targets from the Feb. '25 investor day with underlying drivers intact."
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