Wunderlich Comments On US Ecology Road Show

In a report published by Wunderlich Securities, US Ecology ECOL it reiterates its Buy rating and $20 target on US Ecology. Wunderlich Securities said that March 21 was the second of a two-day non-deal road show with CEO Jim Baumgardner. “We reaffirm our FY11 revenue, EBITDA, and EPS estimates of $143mm, $44mm, and $0.90, respectively. ECOL has seen a recovery of its Base business leading to better volumes and price. Event business activity has rebounded and the outlook in 2011 could be well above expectations. The combination would lead to better results than guidance of $0.75 to $0.85 per share.” US Ecology closed yesterday at $17.57.