Covanta (cva) downgraded at BofA/Merrill
Covanta downgraded to Underperform from Neutral, $17.5 target, at BofA/Merrill.
Covanta Holding Corporation, engaged in the development, operation and ownership of energy-from-waste and renewable energy facilities, has amended its agreement to purchase two biomass energy facilities from co-owners Ridgewood Maine and Indeck Energy Services.