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Fly News Breaks for April 4, 2019
ECOL
Apr 4, 2019 | 05:43 EDT
UBS analyst Jon Windham upgraded US Ecology to Neutral from Sell and raised his price target for the shares to $59 from $56. The analyst sees a more favorable risk/reward profile following the stock's 12% year-to-date decline. US Ecology is currently trading at a 4.3% forward free cash flow yield compared to 4.5% on average for municipal solid waste peers, Windham tells investors in a research note. He also maintains his relative preference for municipal solid waste names over industrial waste.
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