Positive 3Q10 for Environmental Services

Wunderlich Securities published its research report today highlighting 3Q10 growth in environmental services.

3Q10 internal revenue growth was positive for almost all players. Although their is angst among investors, Wunderlich notes, "the fact remains IRG is now positive."

Covanta (NYSE: CVA) is listed in the report with a Buy rating.

IESI-BFC (NYSE: BIN) is also listed in the report with a Buy rating.

Wunderlich writes, "While 3Q10 clearly endorsed the guidance outlook, there is little doubt that the upper end of the range is the right floor and that synergies at $25mm-$30mm have at least a $5mm upside."