Waste Connections price target raised to $211 from $202 at RBC Capital

RBC Capital analyst Sabahat Khan raised the firm’s price target on Waste Connections (WCN) to $211 from $202 and keeps an Outperform rating on the shares. The company’s Q4 results were modestly below estimates, but Waste Connections continues to deliver on pricing to offset volume declines, which are largely being driven by intentional shedding and the weaker operating backdrop, the analyst tells investors in a research note. Looking ahead, 2025 should reflect good top-line progression and underlying margin expansion, with future M&A offering upside to the firm’s base case, RBC added.