In a report published Thursday, KeyBanc Capital Markets analyst Joe Box reiterated a Buy rating on US Ecology ECOL, and raised the price target from $42.00 to $55.00.
In the report, KeyBanc Capital Markets noted, “Raising price target to $55 to reflect Anadarko settlement opportunity, better long-term visibility in US Ecology, Inc.'s (ECOL-NASDAQ) core business and accretion potential from pending environmental quality acquisition; reiterate BUY rating. We are raising our EPS and EBITDA estimates by the following, largely to reflect better visibility in ECOL's Event business line. (Our estimates do not yet incorporate Environmental Quality Corp or Anadarko Opportunity, which potentially could begin late 2015/early 2016.)”
US Ecology closed on Wednesday at $48.03.
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