Wunderlich Reiterates Buy on US Ecology (ECOL)

Wunderlich is out with its report today on US Ecology ECOL, reiterating Buy.

In a note to clients, Wunderlich writes, "We reiterate our Buy rating and $20 price target on US Ecology, Inc. shares. Increased bid activity at the end of 3Q10 and improving economic trends in 4Q10 combined with the Stablex acquisition should position ECOL for a strong 4Q10 and put the company at the high end of its 2010 EPS guidance range of $0.57-$0.67. Looking forward, we believe a stable to slow-growth economy should help restart organic growth with significant potential from increased governmental environmental spending, the GE Hudson River contract, and synergies from Stablex provide a solid platform for value creation."

Shares of ECOL closed Friday at $16.45, down 2.20% from Thursday's close.