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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