Wells Fargo raised the firm’s price target on Casella Waste to $100 from $95 and keeps an Overweight rating on the shares. The firm notes the company reported in-line Q4 2023 results and cautious FY24 guidance, with volumes flat to -1% baking in a conservative view on C&D. Notwithstanding, Wells’ NE disposal thesis remains intact.
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Read More on CWST:
- Casella Waste price target raised to $92 from $86 at BofA
- Casella Waste Systems, Inc. Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Fiscal Year 2024 Guidance
- Casella Waste sees FY24 revenue $1.48B-$1.51B, consensus $1.5B
- Casella Waste reports Q4 EPS 13c, consensus 16c
- CWST Upcoming Earnings Report: What to Expect?
