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Analysts Offer Insights on Industrial Goods Companies: Montrose Environmental Group (MEG) and GFL Environmental (GFL)

Tipranks - Tipranks - Fri Apr 3, 4:34AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Montrose Environmental Group (MEG) and GFL Environmental (GFL) with bullish sentiments.

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Montrose Environmental Group (MEG)

In a report released today, William Grippin from Barclays assigned a Buy rating to Montrose Environmental Group, with a price target of $40.00. The company’s shares closed last Wednesday at $22.37.

According to TipRanks.com, Grippin has 0 stars on 0-5 stars ranking scale with an average return of -17.2% and a 30.0% success rate. Grippin covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Veralto Corporation, and Republic Services. ;'>

Montrose Environmental Group has an analyst consensus of Moderate Buy, with a price target consensus of $35.20, a 60.7% upside from current levels. In a report issued on March 18, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $26.00 price target.

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GFL Environmental (GFL)

In a report released today, Trevor Romeo from William Blair maintained a Buy rating on GFL Environmental. The company’s shares closed last Wednesday at $43.56.

According to TipRanks.com, Romeo is a 1-star analyst with an average return of -4.1% and a 43.2% success rate. Romeo covers the Industrial Goods sector, focusing on stocks such as Waste Connections, Republic Services, and Waste Management. ;'>

Currently, the analyst consensus on GFL Environmental is a Strong Buy with an average price target of $57.29, implying a 35.0% upside from current levels. In a report released yesterday, TD Cowen also reiterated a Buy rating on the stock with a $65.00 price target.

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