The Globe and Mail reports in its Wednesday, Oct. 29, edition that Raymond James analyst Steve Hansen boosted his Secure Waste Infrastructure share target to $22 from $17.75 with an unchanged "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $20.17. Mr. Hansen says in a note: "We are trimming our 2H25 estimates for Secure Waste Infrastructure to account for sustained metals recycling headwinds associated with U.S. tariffs and reduced Canadian steel industry operating rates (scrap demand). Notwithstanding these revisions, we are increasing our target price to $22 as we roll our valuation forward and continue to champion the firm's: 1) formidable long-cycle waste infrastructure; 2) attractive growth opportunities (organic, M&A); 3) strong balance sheet; and 4) shareholder-friendly capital allocation policies." The Globe reported on July 31 that National Bank Financial analyst Michael Doumet had reaffirmed his "outperform" recommendation for Secure Waste. The shares could then be had for $15.33. The Globe reported on Oct. 8 that National Bank analyst Michael Doumet rated Secure Waste "outperform." It was then worth $19.38.
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