Craig-Hallum sees robust growth for Quest Resource, starts coverage with 'buy'

Quest Resource Holding

14/02/2022 14:04

** Craig-Hallum starts coverage on waste and recycling
services provider Quest Resource Holding Corp  QRHC.O  with a
"buy" rating and PT of $13 
    ** PT implies a ~86% upside to stock's last close
    ** Brokerage says co's turnaround strategy to focus on its
unique services has laid foundation for profitable growth
    ** Revenue could grow between 10% and 15% annually
-brokerage 
    ** Says co well-positioned to grow due to high demand from
existing customers and new clients, sees boost from dealmaking 
    ** QRHC's targeted market does not coincide much with those
of larger players in the industry, brokerage adds
    ** Says co will also benefit from industry trends such as
environmental concerns and stringent regulations 
    ** QRHC stock up nearly 1% this year, as of last close

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))