The Globe and Mail reports in its Thursday, July 31, edition that National Bank Financial analyst Michael Doumet has reaffirmed his "outperform" recommendation for Secure Waste Infrastructure. The Globe's David Leeder writes that Mr. Doumet boosted his share target by a loonie to $18.50. Analysts on average target the shares at $17.60. Mr. Doumet concedes Secure Waste's second quarter results came in "soft." He notes that there is "no more 'worst case' scenario for 2025." Mr. Doumet says in a note: "To us, the main story is that Secure Waste Infrastructure maintained its 2025E EBITDA guidance, despite apparent headwinds. Given we can count more incremental headwinds than tailwinds, we still expect 2025 EBITDA to come in at the low-end of the guidance range (and for the low-end to be reliant on a strong Q4). That said, while uncertainties remain into the 2H, we believe the fact that Secure Waste did not have to cut its guide means two things: it (I) removes the worst-case scenario for the guide (a cut below more than $490-million, which we believe some investors were concerned about) and (ii) demonstrates the overall durability of the business in a challenged macro (worst case is more than $500-million?)."