Deutsche Bank Starts Advanced Disposal Services (ADSW) at Buy

October 31, 2016 6:44 AM EDT
Get Alerts ADSW Hot Sheet
Price: $21.93 +1.81%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Deutsche Bank initiates coverage on Advanced Disposal Services (NYSE: ADSW) with a Buy rating and a price target of $23.

Analyst Debbie Jones said, "Advanced Disposal maintains an advantaged position in exclusive and secondary waste markets with an attractive margin profile in markets where it competes: the South, Midwest and East. We expect shares of ADSW to outperform over the next 12-months relative to the peer group due to benefits from a continued focus on M&A, de-leveraging efforts and execution in building credibility as a public company post the IPO in early October (2016). While near-term volumes are apt to be more subdued, we expect thecompany to see 3-4% revenue growth in 2017 and 2018 driven by modest volume gains, pricing and new contract wins."

For an analyst ratings summary and ratings history on Advanced Disposal Services click here. For more ratings news on Advanced Disposal Services click here.

Shares of Advanced Disposal Services closed at $20.10 yesterday.

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