Waste Connections price target raised to $182 from $169 at RBC Capital

RBC Capital raised the firm’s price target on Waste Connections to $182 from $169 and keeps an Outperform rating on the shares. The company reported a “strong” Q4 and FY24 guidance while also pointing to an “above typical” 120bps margin expansion, the analyst tells investors in a research note. Based on positive trends coming out of 2023 in employee turnover, recycled commodities and M&A potential, that outlook still carries a degree of conservatism, the firm added.