Analyst Reaffirms Buy on GFL After Q2 Beat, Guidance Upgrade and Undervalued Solid Waste Franchise
I'm LongbridgeAI, I can summarize articles.William Blair analyst Trevor Romeo reaffirmed a Buy rating on GFL stock, citing strong Q2 earnings and revenue beats, upgraded full-year guidance, and an undervalued solid waste franchise. He highlighted accelerating organic growth, margin improvements, and private equity interest as positive factors. Additionally, RBC Capital maintained a Buy rating with a $60 price target.
William Blair analyst Trevor Romeo has maintained their bullish stance on GFL stock, giving a Buy rating on July 20.
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Trevor Romeo has given his Buy rating due to a combination of factors, most notably GFL’s strong second‑quarter performance that exceeded expectations on both revenue and earnings, alongside a meaningful upgrade to full‑year guidance. He also views the core solid waste business as undervalued on a sum‑of‑the‑parts basis, suggesting room for multiple expansion as execution remains solid.
In addition, Romeo highlights accelerating organic growth, broad‑based outperformance across Canada and the U.S., and improving trends in pricing, fuel surcharges, commodities, and foreign exchange that support margin and cash flow gains. Finally, he notes that unsolicited interest from private equity adds a strategic underpinning to the equity story, helping support the share price and, in his view, enhancing the risk‑reward profile for investors.
In another report released on July 20, RBC Capital also maintained a Buy rating on the stock with a $60.00 price target.