BMO Capital raised the firm’s price target on Waste Connections (WCN) to $208 from $206 and keeps an Outperform rating on the shares after its Q1 earnings beat. The stock offers a compelling risk-reward as industry conditions are showing signs of recovery, while AI investments should augment earnings growth and margin expansion is expected in the base business, the analyst tells investors in a research note. BMO adds there is improving visibility into free cash flow growth shifting higher for Waste Connections.
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