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Waste Connections price target raised to $220 from $210 at Truist

Truist analyst Tobey Sommer raised the firm’s price target on Waste Connections (WCN) to $220 from $210 and keeps a Buy rating on the shares. The firm cites the company’s upside Q1 results and maintained 2025 guidance that embeds conservatism for macro uncertainty, the analyst tells investors in a research note. Truist adds that it continues to see strong margin expansion driven by favorable price-cost spreads and improving free cash flow conversion rates over the next several years.

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