Waste Stocks Maintain Bearish Outlook

Lynn Schenkman

New York – According to JP Morgan Environmental Services Equity Research department, true pricing power is unlikely to be a reality in the waste industry. JP Morgan cut first-half estimates for 2003 by 15 percent, and its bias remains to the downside primarily because of operating costs, such as insurance and diesel fuel. Overall, the financial firm reports that waste stock valuations reflect overall bearish forecasts.