Wells Fargo analyst John Mazzoni initiated coverage of Waste Connections with an Overweight rating and $160 price target. The firm cites a compelling setup given leading franchise mix, M&A catalysts, return of founder Ron Middlestadt alleviating turnover, and OCC/RIN upside setting up for outsized 2024/2025 margin expansion.
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Read More on WCN:
- Waste Connections downgraded to Peer Perform from Outperform at Wolfe Research
- Waste Connections price target lowered to $155 from $165 at TD Cowen
- Waste Connections sees FY24 sales up mid to high single digits, consensus $8.04B
- Waste Connections raises quarterly dividend 11.8% to 28.5c from 25.5c per share
- WASTE CONNECTIONS REPORTS THIRD QUARTER 2023 RESULTS
