Wedbush Reiterates Rating, Raise PT On Waste Connections

Waste Connctions WCN has acquired Hudson Valley Waste Holding Inc. HUVL, causing Wedbush to maintain its Outperform rating and raise its price target on the stock from $33 to $34. In the report, Wedbush writes, “Given that (i) the company has ample capital to pursue additional accretive acquisitions in a favorable M&A environment and (ii) the acquisition remains consistent with the company's strategic focus, we remain BUYERS of WCN stock.” WCN closed at $29.55 and HUVL at $22.81 yesterday.