Wunderlich Securities Initiates Coverage on Covanta Holdings (CVA) with a Buy; Low Risk Play
More News related to CVA
- CEVA, Inc. Announces Third Quarter 2009 Financial Results
- REMINDER: CEVA, Inc. Third Quarter 2009 Earnings Release and Conference Call Set for October 28
- Trading Review for GreenShift Corp. Issued by StockPreacher.com
- Covanta Holding (CVA) Tops Q3 EPS by 4c
- Covanta Holding Corporation Reports 2009 Third Quarter Results and Reaffirms 2009 Guidance
Wunderlich Securities initiates coverage on Covanta Holdings (NYSE: CVA) with a Buy. Price target $20.
Wunderlich analyst says, "Weak energy prices and lingering economic fears are likely to cause near-term stock price volatility. However, longer term, with or without climate change legislation, energy prices are expected to move higher. Regardless of near-term energy price swings, fundamentals for CVA are solid, and over the longer term we believe that CVA will benefit from the macro trends of Peak Oil and/or Climate Change. These two NewEnergy trends are expected to put steady upward pressure on energy prices worldwide and favor renewable energy sources such as biomass and municipal solid waste (MSW)."
To see more analyst ratings on CVA Click Here.
Covanta Holding Corporation (Covanta) is a developer, owner and operator of infrastructure for the conversion of waste to energy (energy-from-waste), as well as other waste disposal and renewable energy production businesses in the Americas, Europe and Asia.
Related Categories
New CoverageStocks Mentioned
-0.18Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
