Wunderlich Securities Has Buy On US Ecology (ECOL)

Wunderlich Securities has a Buy rating and a $20 price target on shares of US Ecology Inc. ECOL.

In a note to investors, Wunderlich writes, "We reiterate our Buy rating and $20 target on US Ecology, Inc. (ECOL) shares.
The U.S. economy appears to be on a path of solid, stable, albeit low, growth. The industrial economy right-sized to that outlook in 2009 and 1H10; the result is a recovery of industrial waste volumes across many industry groups. With that better industrial performance comes discretionary spending for pent-up event business. Couple the newly acquired Stablex assets and 2011 is poised for a recovery toward “Honeywell-like" enhanced profitability. We believe 2011 EPS guidance of $0.75-$0.85 translates into ~$145mm, ~$45mm and ~$20mm in sales, EBITDA and FCF, respectively. Guidance should have upside."

Shares of ECOL gained 70 cents yesterday to close at $17.47, a gain of 4.17%.