GFL Environmental resumed with an Outperform at Scotiabank

Scotiabank analyst Konark Gupta last night resumed coverage of GFL Environmental with an Outperform rating and $50 price target The firm calls GFL a top pick in g North American environmental services. GFL not only has an attractive valuation compared to its larger peers, but it also offers more upside from potential acquisitions and free cash flow acceleration, aided by ongoing deleveraging toward an investment grade rating, the analyst tells investors in a research note. The firm expects GFL’s free cash flow growth to be significantly stronger than its peers this year and beyond.