Imperial Capital Believes Outlook for Covanta Holding Corporation Remains Bright Despite Near-Term Commodity Headwinds

In a report published Friday, Imperial Capital analyst Scott Levine reiterated an Outperform rating and $24.00 price target on

. In the report, Imperial Capital noted, "We are maintaining our Outperform rating, and our one-year price target of $24. Our price target is 15% above the recent share price. We expect CVA's growth to reaccelerate over the next few years, driven by new contracts, incremental growth initiatives, and cost savings programs. We believe the premium multiple is warranted, given the company's attractive growth and capital returns prospects, and think the stock should continue to perform well." Covanta Holding Corporation closed on Thursday at $20.81.