RBC Capital assumed coverage of Waste Connections with an Outperform rating with a price target of $196, up from $182. The company has established a track record of delivering peer-leading metrics across most key perfomance indicates and has also been a prudent allocator of capital, the analyst tells investors in a research note. Waste Connections’ strong track record has also led to a premium trading multiple, though this is justified, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WCN:
- Waste Connections Q1 Earnings Call and Q2 Events
- Waste Connections price target raised to $217 from $195 at Jefferies
- Waste Connections price target raised to $180 from $170 at Oppenheimer
- Waste Connections management to meet with Oppenheimer
- Waste Connections Secures Flexible $4 Billion Credit Facility