Waste Connections price target raised to $155 from $154 at Deutsche Bank

Deutsche Bank analyst Kyle White raised the firm’s price target on Waste Connections to $155 from $154 and keeps a Buy rating on the shares ahead of the Q4 results. The analyst sees the solid waste group as "broadly out of favor currently" given peak CPI with the inflation hedge narrative waning and as investors gravitate to more risk-on trades with a "soft landing" looking more possible. The firm expects sentiment could improve in the second half of the year as recycling headwinds will be lapped and year-over-year margin expansion will be more evident.