GFL Environmental: Strategic Texas Acquisitions Drive Growth, Synergies, and Support Buy Rating
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Analyst James Schumm from TD Cowen has reiterated a Buy rating on GFL Environmental, raising the price target to $65.00. This decision is based on GFL's strategic acquisitions in Texas, including the Frontier Waste deal, which enhance operational efficiency and market presence. Schumm expects these acquisitions to significantly boost revenue and EBITDA, despite elevated acquisition multiples. He anticipates that synergies will reduce the effective EBITDA multiple, supporting the Buy recommendation as leverage trends back toward the company's target range.
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