Waste Connections price target lowered to $208 from $210 at CIBC

CIBC lowered the firm’s price target on Waste Connections (WCN) to $208 from $210 and keeps an Outperformer rating on the shares ahead of the Q4 earnings report. Focus will be on commentary around 2026 volume and pricing, including updated recycled commodity and RIN price assumptions, which could pose a headwind, though underlying solid waste margins are still expected to expand meaningfully, the analyst tells investors in a research note. An update is also anticipated on the Chiquita landfill closure, covering remediation progress, community engagement, and estimated 2026 costs in the $50M-$100M range, CIBC says.