Wedbush Has Outperform On Casella Waste Systems

Wedbush is out with a research report on Casella Waste Systems CWST and it has an Outperform rating and a $10 price target on shares. In a note to clients, Wedbush writes, "We are reaffirming our positive stance on shares of Casella Waste Systems (CWST) ahead of the company's Q1:FY12 earnings release. Based on our recent industry checks, we believe that the improving competitive environment, namely on pricing, and higher commodity prices, are likely to benefit CWST over the next several quarters. Additionally, with the return of more seasonal weather in the Northeast, we expect the overall waste mix to become more favorable and drive incremental margin expansion, especially heading into the company's two strongest quarters." Shares of CWST lost 5 cents yesterday to close at $5.30, a loss of 0.93%.