Morgan Stanley analyst Samantha Edie maintained a Buy rating on Cleanaway Waste Management (TSPCF – Research Report) today and set a price target of A$3.08.
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Samantha Edie has given her Buy rating due to a combination of factors that highlight Cleanaway Waste Management’s strategic positioning and operational advancements. The company’s Western Sydney Material Recovery Facility, which opened in April 2025, showcases innovative waste sorting technologies, including Tomra lasers and machine learning, enhancing its processing capabilities. Additionally, the facility’s comprehensive fire mitigation strategies, such as thermal cameras and water piping systems, further strengthen its operational resilience.
Samantha Edie’s rating is also influenced by Cleanaway’s financial outlook and strategic initiatives. The company maintains its FY25 EBIT guidance, indicating confidence in its financial performance despite economic uncertainties. Furthermore, Cleanaway’s Branch-led Operating Model, which emphasizes efficiency and continuous improvement, is in its early stages, suggesting potential for future growth. These factors, combined with the company’s ability to retain significant contracts and manage costs effectively, contribute to the Buy rating.
In another report released on May 20, Morgans also maintained a Buy rating on the stock with a A$2.98 price target.