Wells Fargo analyst John Mazzoni raised the firm’s price target on Waste Connections to $185 from $170 and keeps an Overweight rating on the shares. The firm cites a solid Q4 beat and full year 2024 guidance ahead of expectations. Wells sees a lot to love in these results with industry-leading 2024 margin expansion as well as upside to the about 34% EBITDA Margin target. The firm reiterates the name as Top Pick.
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Read More on WCN:
- Waste Connections Projects Strong Q1 Revenue and Earnings Growth
- Waste Connections Projects Future Amid 2023 Results
- WASTE CONNECTIONS ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND
- WASTE CONNECTIONS REPORTS FOURTH QUARTER 2023 RESULTS AND PROVIDES 2024 OUTLOOK
- Waste Connections sees FY24 revenue about $8.75B, consensus $8.7B
