TD Cowen analyst James Schumm lowered the firm’s price target on Waste Connections to $155 from $165 and keeps an Outperform rating on the shares. The firm gave a tepid 2024 outlook and multiple operational issues that have yet to be fully contained but given the company’s premium valuation, Cowen understands theselloff but feels it is overdone.
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Read More on WCN:
- 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
- Waste Connections reports adjusted Q3 EPS $1.17, consensus $1.14
- WASTE CONNECTIONS ANNOUNCES 11.8% INCREASE IN QUARTERLY DIVIDEND
