08:24 AM EST, 12/17/2024 (MT Newswires) -- CIBC Capital Markets raised its price target on Secure Energy Services Inc. ( SECYF ) to $17.25 from $16.

Analyst Jamie Kubik maintained a Neutral rating on shares of the Calgary-based waste management and energy infrastructure company after it released its 2025 budget and announced the acquisition of two metal recycling businesses.

"The stock continues to perform favourably, which we see as being due to the strong execution over the past 12 months following the disposition of Tervita assets in Q1/24," Kubik said in a note to clients.

"We maintain our EBITDA estimates for 2025, which sit at the high end of management's expected range."

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