Wunderlich Reiterates Buy on Covanta Holding

Wunderlich is out with its report today on Covanta Holding (NYSE: CVH), reiterating Buy.

In its report, Wunderlich writes, "We reiterate our Buy rating and $21 target on Covanta shares. CVA's inline 3Q11 results showed that business fundamentals remain sound with 1%-2% disposal pricing and elevated steel prices offsetting lower electricity rates."

Shares of CVA closed Thursday at $14.57.