A report from Wunderlich Securities reiterates its Buy rating and $38 price target on Waste Connections WCN.
In the report, Wunderlich writes, “The outlook on FY12 starts with price growth of 2.5-3.0% and flat volume coupled with rollover acquisition revenues of $80mm. This suggest base top-line growth of 8.1% with additional upside from incremental acquisitions and/or higher volumes from an improving economy."
WCN closed yesterday at $34.34.
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