Wedbush Reiterates Rating, Raise PT On Waste Connections

Waste Connctions

has acquired Hudson Valley Waste Holding Inc.

, causing Wedbush to maintain its Outperform rating and raise its price target on the stock from $33 to $34. In the report, Wedbush writes, “Given that (i) the company has ample capital to pursue additional accretive acquisitions in a favorable M&A environment and (ii) the acquisition remains consistent with the company's strategic focus, we remain BUYERS of WCN stock.” WCN closed at $29.55 and HUVL at $22.81 yesterday.