The Globe and Mail reports in its Friday, Jan. 23, edition that National Bank Financial analyst Maxim Sytchev is keeping his "sector perform" call and $19 share target for Secure Waste Infrastructure intact. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $20.92. Mr. Sytchev says in a note: "Secure Waste Infrastructure material mispricing opportunity is likely behind us, more balanced risk/reward here; The market has witnessed a tremendous business turnaround post the 2021 merger with Tervita, with shares responding aggressively as a result. Looking forward, there is positive operational visibility around two pipeline-connected water disposal projects and Phase 3 expansion of the company's Clearwater heavy oil terminal and associated gathering infrastructure. That being said, rig count is still relatively sluggish and while we see the merits of scrap metal optimization around rail car capacity, organic volumes in the metals market remain subdued. We are biding our time for a slightly better risk/reward skew before stepping into the name as commodity sentiment remains fluid at the moment."