Stifel resumed coverage of Casella Waste (CWST) with a Buy rating and $113 price target The firm is “positively inclined” on the solid waste space, saying the stocks should be compounders over time. However, the sector is low-beta and will likely underperform in a risk-on environment, the analyst tells investors in a research note. Stifel thinks has Casella has a “very long runway” to execute its inorganic growth strategy as the smallest public solid waste player. The company is positioned to have industry-leading free cash flow compounding over the next seven years, the firm contends.
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