Deutsche Bank Starts Casella Waste Systems (CWST) at Hold

Deutsche Bank analyst Faiza Alwy initiates coverage on Casella Waste Systems (NASDAQ: CWST) with a Hold rating and a price target of $106.00.

The analyst comments "We are positive on the Casella story noting our favorable view of the waste industry. The company has successfully delivered on its strategic plans and has an ample growth opportunities via M&A alongside margin expansion opportunity given specific initiatives. We initiate with a Hold rating ($106 PT) as our fundamental positive view is balanced against execution and other risks associated with potential M&A. In our view, current valuation on an FCF basis (1.3% yield on 2024) is embedding future M&A prospects."

For an analyst ratings summary and ratings history on Casella Waste Systems click here. For more ratings news on Casella Waste Systems click here.

Shares of Casella Waste Systems closed at $98.81 yesterday.

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