UPDATE: Stifel Starts Advanced Disposal Services (ADSW) at Buy

October 31, 2016 7:41 AM EDT
Get Alerts ADSW Hot Sheet
Price: $21.54 +1.36%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - October 31, 2016 8:38 AM EDT)

Stifel initiated coverage on Advanced Disposal Services (NYSE: ADSW) with a Buy rating and a price target of $23.

Analyst Michael E. Hoffman said, "With the completion of the October 6 IPO, ADSW has entered the next phase of its deleveraging plan. It has spent the past four years streamlining the portfolio, beginning the process of densifying routes by continually rerouting and the addition of tuck-in deals as well as lowering the cost structure from productivity gains, real price, and volume growth. We believe ADSW can self fund repayment of debt to lower leverage to 3x by 2020."

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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