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Wunderlich Securities reiterated its Buy rating and $38 price target on Waste Connections (NYSE: WCN) following meetings with the company's management.

Wunderlich Securities noted, "We met one-on-one with CEO Ron Mittelstaedt and visited with investors and CFO Worthing Jackman in NYC last week. The best is yet to come in solid waste with FY13 starting with positive fundamental momentum not seen in several years; the new investment in energy waste has multiple points of growth to get to $500mm in 3-5 years. Since 3Q12 earnings paper prices have improved sequentially for WCN to $140/ton and fuel has leveled off around $4.00 per gallon. There is a rush to close deals sensitive to capital gains rising by Dec. 31 and WCN is actively working several."

Waste Connections closed at $32.92 on Friday.

Latest Ratings for WCN

Feb 2016KeyBancMaintainsOverweight
Jan 2016Raymond JamesUpgradesOutperformStrong Buy
Jan 2016BarclaysMaintainsOverweight

View More Analyst Ratings for WCN
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Reiteration Intraday Update Analyst Ratings


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