Wells Fargo analyst John Mazzoni initiated coverage of Waste Connections with an Overweight rating and $160 price target. The firm cites a compelling setup given leading franchise mix, M&A catalysts, return of founder Ron Middlestadt alleviating turnover, and OCC/RIN upside setting up for outsized 2024/2025 margin expansion.
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- Waste Connections downgraded to Peer Perform from Outperform at Wolfe Research
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