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Fly News Breaks for August 7, 2019
WCN
Aug 7, 2019 | 06:30 EDT
JPMorgan analyst Stephanie Yee started Waste Connections with an Overweight rating and $98 price target. The analyst likes the waste names for their "steady stream of cash flow and defensive quality at this stage in the economic cycle." Waste Connections is her to pick as he believes the company has a sustainable competitive advantage with 90% of its business in exclusive and secondary markets. This reduces competition and enables good pricing and steady volumes, Yee tells investors in a research note.
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