Casella Waste Systems (CWST) PT Raised to $68 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the price target on Casella Waste Systems (NASDAQ: CWST) to $68.00 (from $63.00) while maintaining a Strong Buy rating.

The analyst commented, "Despite COVID-19 pressures on the business, we believe CWST's unique landfill position and ongoing operational improvements should mitigate at least some of these disruptions. We believe disposal capacity in the Northeast remains tight (even with COVID-related declines in volume) and together with M&A optionality, should add substantial EBITDA/FCF growth over time. Given these catalysts, we reiterate our Strong Buy rating."

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