Waste Connections price target lowered to $219 from $221 at RBC Capital

RBC Capital lowered the firm’s price target on Waste Connections (WCN) to $219 from $221 and keeps an Outperform rating on the shares. Waste Connections reported Q2 results modestly ahead of Street forecasts, while 2025 guidance was revised to the low-end of the previous range, the analyst tells investors in a research note. The primary drivers remain intact looking ahead, with the outlook for M&A in the second half and beyond remaining positive, RBC says.