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Investing.com - Truist Securities has raised its price target on GFL Environmental (NYSE:GFL) to $60.00 from $58.00 while maintaining a Buy rating on the waste management company’s stock. With a current market capitalization of $18.15 billion and trading at $49.92, InvestingPro analysis suggests the stock is currently trading above its Fair Value.
The price target increase follows GFL Environmental’s guidance raise and positive commentary on pricing and volume trends. According to Truist Securities, GFL stands in a favorable near-term position compared to its waste industry peers after second-quarter earnings. This optimism is supported by the company’s impressive 11.78% revenue growth over the last twelve months, according to InvestingPro data.
Truist Securities noted that GFL Environmental is the only solid waste company to raise its 2025 topline guidance. This positive outlook distinguishes the company from competitors in the current market environment.
The firm highlighted GFL’s strategic investments, particularly in Canada’s Extended Producer Responsibility (EPR) programs and its strengthening presence in the Southeast region of the United States. These initiatives are expected to more than offset macroeconomic challenges.
These challenges include softness in construction and industrial sectors, as well as headwinds from commodity prices and foreign exchange rates, according to Truist Securities’ analysis.
In other recent news, GFL Environmental Inc. reported strong financial results for the second quarter of 2025. The company achieved earnings per share of $0.26, which was more than double the anticipated $0.12. Additionally, GFL Environmental’s revenue reached $1.68 billion, surpassing the expected $1.22 billion. These results highlight the company’s solid performance and have garnered attention from investors. The earnings announcement has been a significant development, reflecting positively on GFL Environmental’s recent activities. Analyst projections had underestimated the company’s financial outcomes, indicating a better-than-expected quarter. This performance could influence future evaluations from financial analysts.
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