Wunderlich Securities Initiates Coverage on Waste Connections (WCN) with a Buy
Wunderlich Securities initiates coverage on Waste Connections (NYSE: WCN) with a Buy. Price target $40.
Wunderlich analyst says, "Waste Connections is justifiably viewed as the best managed solid waste company in the industry. It has consistently produced better margins, sustainable internal and acquisition growth, and returns on capital than any other solid waste company. Our positive outlook on WCN is focused on the recurring and sustainable pricing leverage it has demonstrated for years. Even in the worst of the pricing pressures of 2001-04, WCN was able to price in its franchise/exclusive business."
Waste Connections, Inc. (WCI) is an integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in secondary markets in the Western and Southern United States.
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