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Covanta Holding Corporation (CVA) [hlAlert]

Rating:
Buy CVA
up 5.34 %

Covanta Holding Corporation (CVA) rated Buy with price target $23 by BB&T Capital Mkts

Posted on: Wednesday,  May 21, 2014  12:00 AM ET by BB&T Capital Mkts

BB&T Capital Mkts rated Buy Covanta Holding Corporation (NYSE: CVA) on 05/21/2014, when the stock price was $18.70.
Since then, Covanta Holding Corporation has gained 5.35% as of 01/20/2016's recent price of $19.70.
If you would have followed this BB&T Capital Mkts's recommendation on CVA, you would have gained 5.34% of your investment in 609 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.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2014 12:00 AM Buy
None
18.70 23.00
as of 10/17/2014
1 Week up  0.09 %
1 Month down  -2.05 %
3 Months up  1.99 %
1 YTD up  11.87 %

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