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Wedbush Maintains Outperform Rating on Casella Waste Systems

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A report from Wedbush reiterates its Outperform rating on Casella Waste Systems (NASDAQ: CWST).

The report states, “we are reiterating our OUTPERFORM rating on shares of Casella Waste (CWST) following the company's better-than-expected top-line Q1:FY12 results. Although volume growth on a year/year basis continues to lag expectations due to more challenging comparisons, we were encouraged by (i) positive indications on pricing, namely on the collection front, where the collection price was up 3.4% from the year-ago quarter, (ii) robust results from recycling operations given higher commodity pricing, and (iii) improved volumes in construction & demolition and municipal solid waste.”

Wedbush's estimates and price target on Casella are under review. CWST closed yesterday at $6.22.

Posted-In: Wedbush SecuritiesAnalyst Color Reiteration Analyst Ratings

 

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