Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Casella Waste to $122 from $121 and keeps a Strong Buy rating on the shares following the capital raise. Raymond James continues to believe Casella Waste’s unique landfill positioning and ongoing operational improvements offer sustainable organic growth and margin opportunities and believes the systemically tight Northeastern disposal market also drives M&A optionality, which could drive EBITDA and free cash flow growth in excess of expectations over time, the analyst tells investors in a research note.
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