JPMorgan raised the firm’s price target on Waste Connections (WCN) to $230 from $197 and keeps an Overweight rating on the shares after assuming coverage of the waste services sector. The firm expects the company’s sales and EBITDA margin growth to accelerate, driven by continued strong pricing and a volume recovery on easier comps, the analyst tells investors in a research note. The firm says Waste Connections has a sustainable competitive advantage in its solid waste business due to higher exposure to exclusive and secondary markets.
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Read More on WCN:
- Waste Connections Appoints New Chief Accounting Officer
- Waste Connections Announces Shareholder Meeting Results and Director Elections
- Waste Connections initiated with a Buy at Seaport Research
- Waste Connections price target raised to $212 from $209 at Citi
- Waste Connections price target raised to $221 from $211 at RBC Capital
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