The Globe and Mail reports in its Wednesday, Oct. 8, edition that National Bank Financial analyst Michael Doumet believes North American waste management companies have underperformed recently but are fundamentally "well positioned" heading into 2026. The Globe's David Leeder writes in the Eye On Equities column that accordingly, Mr. Doumet continues to rate GFL Environmental "outperform." Mr. Doumet, however, gave his share target a $2.50 trim to $76.25. Analysts on average target the shares at $74.29. Mr. Doumet says in a note: "GFL is our preferred pick going into 3Q. As the only company that raised its guidance (despite the FX headwind, since reversed), we believe it has the highest odds of raising it again (in addition to favourable FX in the 2H, we believe the guide remains conservative). Additionally, with EPR driving higher volumes and a baseline organic EBITDA growth of ~10% (as underscored at its IR Day), we believe early guidance parameters for 2026 will be well received by investors. To us, GFL maintains the most favourable growth prospects through 2027." The Globe reported on May 28 that Mr. Doumet had commenced coverage on GFL with an "outperform" recommendation. The shares could then be had for $68.63.
© 2025 Canjex Publishing Ltd. All rights reserved.