The Globe and Mail reports in its Friday, Sept. 19, edition that Barclays analyst William Grippin commenced coverage of GFL Environmental with an "overweight" rating and $86 share target as well as Waste Connections with an "equal-weight" rating and $265 share target. The Globe's David Leeder writes that analysts on average target the shares of GFL and Waste Connections at $71.19 and $277.97. Mr. Grippin says in a note: "Attractive and durable sector attributes support our positive industry view, with recent sector pullback presenting selective buying opportunities. We see steady growth profiles with high FCF generation enabling capital redeployment flexibility (M&A/buybacks), underpinning long-term upside bias to estimates." The Globe reported on July 3 that ATB Capital Markets was keeping its "outperform" call on GFL intact. The shares were then going for $48.49. The Globe reported on Aug. That RBC was sticking with its "outperform" recommendation for GFL. It was then worth $68.73. The Globe reported on May 28 that National Bank rated Waste Connections "outperform." It was then worth $270.46. The Globe reported on July 4 that RBC rated Waste Connections "outperform." The shares could then be had for $244.68.
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