Date: June 6, 2007
Source: News Room
Credit Suisse after a short hiatus has reentered the fray of analysts covering the waste management sector. While the initial focus will be on the big three, the analyst Jagdeep S. Ghuman is attracted by industry trends in general including the strong free cash flows from a robust pricing environment and demand for services. He said all three companies are poised to gain from their collective control of about 60 percent of municipal solid waste landfill volumes. He set a $45 price target for Waste Management which he likes for its dominant position, dividends and share repurchases. He sees Allied Waste as a turnaround story for patient investors and has set a target price of $16 per share. He likes Republic for the same reasons many do for its solid management and shareholder-friendly actions, such as share repurchases and dividend payouts.
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