Ord Minnett sees Cleanaway Waste Management's solid waste collection service as a low barrier to entry business with no meaningful labour, fleet or collection advantage and retains its Sell rating.

The target falls by -4% to $2.20 following a change in analyst at Morningstar, from where Ord Minnett now whitelabels its research.

Previously, the broker had sourced its research from JP Morgan and the prior target and rating in the FNArena database were $3.10 and Buy.

Sector: Commercial & Professional Services.

Target price is $2.20.Current Price is $2.74. Difference: ($0.54) - (brackets indicate current price is over target). If CWY meets the Ord Minnett target it will return approximately -25% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2023 Acquisdata Pty Ltd., source FN Arena