Deutsche Bank says it's time to invest in trash through these 2 stocks: 'Compounding defensive growth'

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Investment Strategy أخبار

Stock Markets,Waste Management Inc,Republic Services Inc

According to the Waste Business Journal, the waste and recycling industry generated about $91 billion in 2022, significantly higher than in 2019.

Deutsche Bank is finding new opportunities in "trash." Analyst Faiza Alwy on Wednesday initiated coverage of North American waste services stocks with a positive view, recommending investors look into Waste Management and Waste Connections as attractive opportunities in the industry. The solid waste industry is made up of three stages: collection, processing and transferring, and then disposing of solid waste into landfills.

Alwy also initiated Republic Services with a hold rating and $203 price target, saying all three stocks are "compounders over the long-term." WCN WM YTD mountain WCN and WM year to date "While larger companies may have fewer 'growth' opportunities, in our view, the attractiveness of the sector is in its defensive and relatively simple business model. We value the stocks on a basis," the analyst said.

 

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