Scotia Capital Has Sector Outperform Rating on Progressive Waste Solutions

Scotia Capital is out with a research report on Progressive Waste Solutions Ltd. (NYSE: BIN) and it has a Sector Outperform rating and a $29.50 price target on shares.

In a note to clients, Scotia Capital writes, "BIN reported Q3/11 results that were broadly in line with consensus estimates last night. Adjusted EPS of $0.29 was slightly below our estimate of $0.31 and consensus of $0.32 due to modestly lower-than-expected U.S. margins."

Shares of BIN are up 13 cents to $21.65.