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Fly News Breaks for February 17, 2016
CVA
Feb 17, 2016 | 07:42 EDT
Baird believes shares of Covanta may come under pressure following Q4 results as investor expectations are recalibrated. The firm said once the dust settles, they would be buyers of the shares. Baird cited the company's free cash flow, new business and efficiency initiatives. Baird reiterated its Outperform rating and lowered its price target to $17 from $18 on Covanta shares.
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