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Fly News Breaks for May 15, 2017
CVA
May 15, 2017 | 07:31 EDT
As reported previously, Baird analyst Ben Kallo upgraded Covanta to Outperform from Neutral as he believes the company is well positioned for growth as Dublin should drive EBITDA expansion and higher cash flow in 2018. He sees an attractive risk/reward profile due to its highly contracted/hedged revenue streams and strong dividend levels. Kallo maintained his $17 price target on Covanta shares.
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