In a report released today, Michael Feniger from Bank of America Securities reiterated a Buy rating on Waste Connections, with a price target of $194.00.
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Michael Feniger has given his Buy rating due to a combination of factors that highlight Waste Connections’ strategic positioning and growth potential. The company has shown resilience and confidence in its core strategy of focusing on solid waste management, distinguishing itself from competitors despite recent challenges in industrial and medical waste sectors. This confidence is bolstered by favorable labor policy shifts that provide Waste Connections with a competitive edge over smaller operators, potentially leading to a more favorable cost structure.
Furthermore, Waste Connections is leveraging AI technology effectively, not merely as a promotional tool but as a means to maintain a positive price versus cost spread. The company’s strategic approach to mergers and acquisitions also suggests a strong pipeline and long-term growth prospects, with expectations for another significant year in 2026. These factors, combined with a robust valuation methodology, underpin Feniger’s Buy rating, positioning Waste Connections as a best-in-class operator with fewer headwinds compared to its peers.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WCN in relation to earlier this year.