As part of a strategy day, Cleanaway Waste Management revealed a permanent cost increase of -$15m/year from FY23 to improve capabilities and support growth initiatives.
Part of the growth strategy is taking an opportunity to expand into the fast growing Construction & Demolition waste space, to leverage the company’s vertical integration.
The target price falls to $2.79 from $2.87, while the Hold rating is maintained.
Sector: Commercial & Professional Services.
Target price is $2.79.Current Price is $2.84. Difference: ($0.05) – (brackets indicate current price is over target). If CWY meets the Morgans target it will return approximately -2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
