According to the Waste Business Journal, the waste and recycling industry generated about $91 billion in 2022, significantly higher than in 2019.
Deutsche Bank is finding new opportunities in "trash." Analyst Faiza Alwy on Wednesday initiated coverage of North American waste services stocks with a positive view, recommending investors look into Waste Management and Waste Connections as attractive opportunities in the industry. The solid waste industry is made up of three stages: collection, processing and transferring, and then disposing of solid waste into landfills.
Alwy also initiated Republic Services with a hold rating and $203 price target, saying all three stocks are "compounders over the long-term." WCN WM YTD mountain WCN and WM year to date "While larger companies may have fewer 'growth' opportunities, in our view, the attractiveness of the sector is in its defensive and relatively simple business model. We value the stocks on a basis," the analyst said.
Stock Markets Waste Management Inc Republic Services Inc Waste Connections Inc Waste Connections Inc Casella Waste Systems Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most Stablecoins Doomed to Fail and Lose Peg According to Deutsche BankCrypto Blog
Read more »
Deutsche Bank Q1 profit jumps 10% as investment bank outperformsDeutsche Bank Q1 profit jumps 10% as investment bank outperforms
Read more »
Op-ed: My bank, their bank or our bankOne of the most important conversations newlyweds need to have is figuring out how and who will pay the bills. That goal can be reached in so many ways.
Read more »
Op-ed: My bank, their bank or our bankOne of the most important conversations newlyweds need to have is figuring out how and who will pay the bills. That goal can be reached in so many ways.
Read more »
Just in: Deutsche Bank lifts S&P 500 target on strong earningsJust in: Deutsche Bank lifts S&P 500 target on strong earnings
Read more »
Chubb is 'ideal fit' for Warren Buffett's investment style, says Deutsche BankWarren Buffett's purchase of 6.4% of Chubb makes perfect sense as the insurer checks all the boxes of his investment criteria, according to Deutsche Bank.
Read more »