GFL Environmental shares are trading higher after RBC Capital maintained an Outperform rating on the stock and raised its price target from $43 to $46.
Portfolio Pulse from Benzinga Newsdesk
GFL Environmental's stock price increased following RBC Capital's decision to maintain an Outperform rating and raise its price target from $43 to $46.
April 08, 2024 | 7:56 pm
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POSITIVE IMPACT
GFL Environmental's stock is likely to experience a positive short-term impact due to RBC Capital's maintained Outperform rating and increased price target.
Analyst ratings and price target adjustments are significant indicators for investors, often leading to immediate stock price reactions. RBC Capital's decision to maintain an Outperform rating while raising the price target for GFL Environmental suggests a strong confidence in the company's future performance, likely encouraging investors to buy or hold, thus driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100