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Covanta Holding Corporation (CVA) [hlAlert]

down 1.40 %

Covanta Holding Corporation (CVA) rated Buy with price target $24 by Ascendiant Capital Markets

Posted on: Thursday,  Mar 28, 2013  8:25 AM ET by Ascendiant Capital Markets

Ascendiant Capital Markets rated Buy Covanta Holding Corporation (NYSE: CVA) on 03/28/2013, when the stock price was $19.98.
Since then, Covanta Holding Corporation has lost 1.40% as of 01/20/2016's recent price of $19.70.
If you would have followed this Ascendiant Capital Markets's recommendation on CVA, you would have lost 1.4% of your investment in 1028 days.

Covanta Holding Corporation (Covanta) is a developer, owner and operator of infrastructure for the conversion of waste to energy (energy-from-waste), as well as other waste disposal and renewable energy production businesses in the Americas, Europe and Asia. The Company conducts all of its operations through subsidiaries, which are engaged in the businesses of waste and energy services. Covanta also engages in the independent power production business outside the Americas. It has investments in subsidiaries engaged in insurance operations in California primarily in property and casualty insurance. On December 22, 2008, the Company acquired Indeck Maine, LLC from co-owners Ridgewood Maine, L.L.C. and Indeck Energy Services, Inc. On June 2, 2008, Covanta acquired an energy-from-waste facility in Tulsa, Oklahoma from The CIT Group/Equipment Financing, Inc.

Ascendiant Capital Markets is led by George Santana, who has nearly twenty years of equity research experience in the United States and foreign markets. During his career, Mr. Santana has been recognized six consecutive times in the Institutional Investor magazine poll of top analysts.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/28/2013 8:25 AM Buy
19.98 24.00
as of 12/13/2013
1 Week up  0.52 %
1 Month down  -4.30 %
3 Months down  -19.94 %
1 YTD down  -13.21 %

(*) Stock Price at the time of the recommendation.
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