TD Cowen analyst James Schumm raised the firm’s price target on Waste Connections to $200 from $185 and keeps a Buy rating on the shares. The firm noted shares fell despite delivering a Q2 beat and they think the weakness is due to investor rotation out of the sector owing to valuation concerns, weak volumes and stubborn cost inflation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WCN:
- Waste Connections Projects Strong Third Quarter Growth in 2024
- Waste Connections Projects Upbeat Future in Q2 Results
- Waste Connections sees FY24 revenue $8.85B, up $100M from original view
- Waste Connections reports Q2 adjusted EPS $1.24, consensus $1.17
- WASTE CONNECTIONS REPORTS SECOND QUARTER 2024 RESULTS AND RAISES FULL YEAR OUTLOOK