Market Overview

UPDATE: Wunderlich Securities Maintains Casella Waste Systems at Buy on Free Cash Flow Outlook

Related CWST
18 Biggest Mid-Day Losers For Wednesday
The Market In 5 Minutes: Yahoo's 2013 Data Breach Affected All 3 Billion Users

Wunderlich Securities reiterated its Buy rating and $8.50 price target on Casella Waste Systems (NASDAQ: CWST) as free cash flows should help to offset volume and pricing headwinds.

Wunderlich Securities commented, "Marginally positive pricing in 2Q13 will not be enough to offset volume declines and depressed commodity prices. Lower interest expense post CWST's balance sheet refinancing should offset the weaker revenues and help deliver EPS of negative $0.01 versus a negative $0.03 in 2Q12. Looking towards the future, CWST interest savings combined with SG&A reductions, Maine Energy (MERC) savings, the expansion of Southbridge landfill volumes, and the eventual expiration of the Ogden (Covanta) put-or-pay contract puts the run-rate free cash flow in the $24mm-$26mm range. That said, can and will CWST act to move faster in creating shareholder value?"

Casella Waste Systems closed at $4.42 on Friday.

Latest Ratings for CWST

Oct 2017Stifel NicolausDowngradesBuyHold
Jun 2017BarclaysInitiates Coverage OnOverweight
Dec 2016First AnalysisDowngradesOverweightEqual-Weight

View More Analyst Ratings for CWST
View the Latest Analyst Ratings

Posted-In: Wunderlich SecuritiesAnalyst Color Reiteration Pre-Market Outlook Analyst Ratings


Related Articles (CWST)

View Comments and Join the Discussion!

Partner Center