Waste Connections price target raised to $216 from $214 at BMO Capital

BMO Capital raised the firm’s price target on Waste Connections (WCN) to $216 from $214 and keeps an Outperform rating on the shares after its Q1 earnings beat. Investors have gravitated to ideas with limited impact from the prevailing macro concerns and strong/predictable earnings, the analyst tells investors in a research note. While relative valuation appears a bit stretched, Waste Connections remains a very good option for investors to ride out the current market volatility, BMO added.