What exactly changed in the CIBC note on February 12, 2026?

CIBC **maintained Outperform** on GFL and lowered the price target to **C$75** from **C$79**. The action is a GFL analyst rating maintenance that trims upside expectations while keeping a positive view on the business.

Does the CIBC action count as a GFL upgrade or downgrade?

The move is neither an upgrade nor a downgrade of rating; it is a maintained Outperform with a lower price target. Investors should treat this GFL analyst rating as a recalibration rather than a change in conviction.

How should investors use the new GFL price target?

Use the **C$75** target as one valuation input. Combine it with cash flow forecasts, Meyka AI’s **B+** grade, and upcoming earnings to decide position sizing. The GFL analyst rating narrows expected upside.

Where can I find the original analyst note and earnings call details?

The CIBC note summary is available through The Fly and the Q4 2025 earnings call transcript is on Seeking Alpha. Both sources help explain the context behind the GFL analyst rating [source](https://thefly.com/permalinks/entry.php/id4291922/5407286394/GFL-GFL-Environmental-price-target-lowered-by-C-

GFL is listed under the symbol GFL on Canadian and U.S. platforms where available. Investors should confirm exchange listings before trading is not part of FAQs

Analyst Ratings

CIBC Maintains Outperform on GFL Environmental Inc. (GFL) Feb 12 2026, PT C$75

ByHuzaifa Zahoor February 13, 2026February 13, 2026

CIBC maintained Outperform on GFL Environmental Inc. (GFL) on February 12, 2026. The firm lowered its price target to C$75 from C$79. This is a notable GFL analyst rating update that keeps a positive stance while trimming upside. The move produced a small market reaction, with a 0.19% change equal to $0.08 at the time reported. For investors, the retained Outperform signals continued confidence in GFL’s operating model despite near-term headwinds. We review the rating, price target, and what this update means for shareholders.