The Globe and Mail reports in its Friday, Feb. 23, edition that BMO Nesbitt Burns analyst Devin Dodge has reaffirmed his "outperform" recommendation for GFL Environmental. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dodge gave his share target a $2 boost to $42 (all figures U.S.). Analysts on average target the shares at $41.77. Mr. Dodge says in a note: "In our view, the combination of robust industry fundamentals, self-help opportunities, and strong growth prospects should allow GFL to generate earnings/FCF growth above its peers over the next several years. While elevated leverage remains a sticking point for some investors, we believe there is improving visibility for GFL achieving an investment grade rating within our forecast period. Meanwhile, the multiple discount to peers is at/near the widest level since the IPO, which we believe presents a particularly attractive entry point into the stock. ... Management reiterated its 2024 capital allocation priorities for base capex ($850-million to $900-million), incremental growth investments ($250-million to $300-million), and M&A ($600-million to $650-million). However, we suspect there may be an emerging upward bias to these targets."