Alwy initiated coverage of Waste Management and Waste Connections with a buy rating on each.
His $241 price target on Waste Management suggests 15.7% upside, and his $189 price target on Waste Connections implies the stock has roughly 14.4% to rise.
This year, Waste Management shares are up 17.2%, while Waste Connections has added 11%.
Waste Connections is planning to invest $150 million, most of which will be used for renewable natural gas, or RNG, projects, she said.
With that price target, she expects shares could add 7.3%.
Persons:
Alwy
Organizations:
Deutsche Bank, Waste Management, Waste, Services, Casella Waste Systems
Locations:
American, North America