Scotiabank analyst Konark Gupta yesterday lowered the firm’s price target on Secure Waste (SECYF) to C$19.50 from C$22 and keeps an Outperform rating on the shares as part of a Q1 earnings preview. The firm believes the North American solid waste sector remains attractive due to its pricing power, marketing and acquisitions, solid free cash flow, and shareholder-friendly actions, the analyst told investors. Scotiabank cited Secure Waste’s “material exposure” to the energy industry in Western Canada and North Dakota as crude oil prices have come down for the target cut.
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