01:11 PM EST, 02/28/2025 (MT Newswires) -- Truist writes that it is incrementally more positive on GFL Environmental ( GFL ) following the Investor Day.

GFL management introduced 2028 financial targets, which could prove to be conservative as the analysts see numerous drivers of upside for sales, margin and FCF conversion.

"With the upcoming divestiture of the Environmental Services (ES) business, we think GFL is a more predictable business with increased capital flexibility and annual FCF/share growth at 20%+ through 2028."

Reiterate Buy rating and US$54 target.

Price: 64.16, Change: +1.99, Percent Change: +3.20