Scotiabank analyst Konark Gupta lowered the firm’s price target on Waste Connections (WCN) to $202 from $206 and keeps a Sector Perform rating on the shares. Solid waste fundamentals remain strong with pricing holding up, but commodity prices pulled back in Q2, slightly reducing the firm’s confidence in guidance upside risk, the analyst tells investors. The Waste and Environmental Services sector is “rich on valuation,” the firm adds.
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