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Fly News Breaks for October 30, 2017
ECOL
Oct 30, 2017 | 07:37 EDT
Canaccord analyst Bobby Burleson said the weakness in US Ecology is a buying opportunity. He views the selloff due to the negative impact on EBITDA from the hurricanes as an overreaction as the core business is exhibiting positive trends. The analyst said it makes sense to buy the shares at current levels in anticipation of some multiple recovery in the near-term. Burleson reiterated his Buy rating and lowered his price target to $57 from $60 on US Ecology shares.
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