Wunderlich Securities Maintains Buy Rating and $38 PT on Waste Connections

A report from Wunderlich Securities reiterates its Buy rating and $38 price target on Waste Connections WCN. In the report, Wunderlich writes, “The outlook on FY12 starts with price growth of 2.5-3.0% and flat volume coupled with rollover acquisition revenues of $80mm. This suggest base top-line growth of 8.1% with additional upside from incremental acquisitions and/or higher volumes from an improving economy." WCN closed yesterday at $34.34.