Casella Waste initiated with a Buy at TD Cowen

TD Cowen initiated coverage of Casella Waste (CWST) with a Buy rating and $130 price target The firm says acquisition growth and free cash flow “durability in good or bad economic times” makes Casella an attractive investment. Tariff implications will have limited impact on the business but if cost inflation re-emerges Casella will be best positioned to increase prices, the analyst tells investors in a research note. TD believes the company’s recent landfill volume headwinds may have reversed and that its 2025 guidance “seems very conservative.”