Canaccord Genuity Maintains a 'Buy' on IESI-BFC, Ltd. (BIN); Thesis Delayed by Weather
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Price: $31.61 --0%
Rating Summary:
6 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
Rating Summary:
6 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 11 | New: 13
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Canaccord Genuity maintains a 'Buy' on IESI-BFC, Ltd. (NYSE: BIN), raises PT from $28.75 to $29.25.
Canaccord analyst says, "Since our initiation of coverage on IESI-BFC (BIN) in October 2010, we have expected very strong EPS growth and share price gains from 1) stable organic revenue growth, 2) considerable acquired growth and 3) solid margin expansion. We believe BIN’s Q1/11 results delivered on these themes, though slightly delayed. Organic growth was somewhat lower than expected, mostly because harsh weather delayed the annual spring clean-up and the strong volumes that come with it."
For more ratings news on IESI-BFC, Ltd. click here and for the rating history of IESI-BFC, Ltd. click here.
Shares of IESI-BFC, Ltd. closed at $25.34 yesterday.
Canaccord analyst says, "Since our initiation of coverage on IESI-BFC (BIN) in October 2010, we have expected very strong EPS growth and share price gains from 1) stable organic revenue growth, 2) considerable acquired growth and 3) solid margin expansion. We believe BIN’s Q1/11 results delivered on these themes, though slightly delayed. Organic growth was somewhat lower than expected, mostly because harsh weather delayed the annual spring clean-up and the strong volumes that come with it."
For more ratings news on IESI-BFC, Ltd. click here and for the rating history of IESI-BFC, Ltd. click here.
Shares of IESI-BFC, Ltd. closed at $25.34 yesterday.
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