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.
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