Waste Connections rises as UBS upgrades to buy on valuation
+0.06% to $155.33 from $155.23
What moved WCN
- UBS upgraded Waste Connections to Buy from Neutral and raised its price target to $200 from $176.
- The firm said recent underperformance created an attractive entry point, citing market focus on Chiquita operations and a discounted valuation versus historical norms.
- UBS forecast about 17% adjusted free-cash-flow-per-share growth from 2026 through 2029, versus a roughly 10% peer average, underpinned by an anticipated wind-down of elevated Chiquita-related capital spending after this year.
- The stock had been trading near its 52-week low heading into the upgrade.
Sources: Investing.com · Gurufocus · Ortex