UPDATE: Wunderlich Securities Maintains Waste Connections at Buy on Outlook for 2013

Wunderlich Securities reiterated its Buy rating and $38 price target on Waste Connections

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.