Michael Feniger, an analyst from Bank of America Securities, reiterated the Buy rating on Waste Connections (WCN – Research Report). The associated price target was raised to $209.00.
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Michael Feniger has given his Buy rating due to a combination of factors surrounding Waste Connections’ future outlook and recent performance. Despite a softer than expected fourth quarter, the company’s 2025 guidance has been more optimistic than anticipated, with expectations of higher EBITDA and margin expansion driven by favorable pricing, strong merger and acquisition activity, and improved operational metrics.
Feniger highlights that Waste Connections is poised for growth with a robust M&A pipeline and the potential for a recovery in commodity prices, which could provide additional upside. Furthermore, the company’s ability to manage costs effectively and its resilience to macroeconomic uncertainties add to its appeal as a best-in-class operator in the waste management sector. This combination of strong forward guidance and limited downside risk justifies the Buy rating and the increased price objective.
In another report released on January 27, Raymond James also maintained a Buy rating on the stock with a $204.00 price target.