Harsco Corporation (NYSE:HSC) Will Improve Financially in 2011 Says Canaccord

Saying the restructuring initiatives of Harsco Corporation (NYSE:HSC) were comprehensive, they should generate strong improvement over the next several years for the company, said Canaccord.

They stated, "We conclude that Harsco’s comprehensive restructuring initiatives will generate significant financial improvement starting in 2011 and continuing for the next several years. While the firm’s infrastructure business faces a difficult operating environment, a more streamlined and cost-efficient operation should lead to sustained improvements in 2012 and beyond."

Canaccord Genuity maintains a "Buy" rating on Harsco Corporation, which closed Tuesday at $31.17, gaining $0.71, or 2.33 percent. Canaccord boosted their price target on Harsco from $28 to $35.