Fly News Breaks for May 1, 2019
May 1, 2019 | 06:22 EDT
Stifel analyst Michael Hoffman upgraded Casella Waste Systems to Buy from Hold and raised his price target for the shares to $40 from $35 following the company's Q1 results. "Robust" price in the company's seasonally weakest period, along with increased visibility on its deal pipeline conversion, supports a better free cash flow outlook and warrants a higher share price, Hoffman tells investors in a research note. The analyst now sees upside to Casella's long-term free cash flow outlook.
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