Wunderlich Maintains Hold On WCA Waste Corporation

Wunderlich Securities is maintaining its Hold rating and $5.50 price target on shares of WCA Waste Corporation WCAA. In a note to clients, Wunderlich Securities writes, "We maintain our Hold rating and price target of $5.50 on the shares of WCA Waste (WCAA). CEO Tom Fatjo and CFO Chuck Casalinova traveled to St. Louis to meet with investors. The message — delever with a first-step milestone of 3.5 times by 2Q12 balanced against targeted organic growth of 3%-5% annually coupled with an acquisition pipeline focused primarily on Texas. Guidance for FY11 is $270 million in sales and $61 million of unadjusted EBITDA; adjusted EBITDA would be ~$64 million." Shares of WCAA closed at $5.79 yesterday.