Cleanaway Waste Management's CEO, Vik Bansal, has decided to leave during the first half and the company has started a replacement process.
The broker assesses the company has a material pipeline of post-collection projects under development, so a leadership transition adds potential delay and uncertainty to the growth investment thesis.
Equal-Weight rating. Target is unchanged at $2.50. Industry view: Cautious.
Sector: Commercial & Professional Services.
Target price is $2.50.Current Price is $2.35. Difference: $0.15 - (brackets indicate current price is over target). If CWY meets the Morgan Stanley target it will return approximately 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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