Raymond James analyst Patrick Brown maintains $Waste Connections (WCN.US)$ with a buy rating, and adjusts the target price from $163 to $205.
According to TipRanks data, the analyst has a success rate of 74.9% and a total average return of 20.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Waste Connections (WCN.US)$'s main analysts recently are as follows:
Following Q3 results, the expectation for near-term growth has been adjusted slightly due to reduced support from commodities. However, it is believed that several fundamental aspects of the business will continue to drive value positively into 2025, such as robust pricing, enhancements in cost and productivity, as well as mergers and acquisitions.
Waste Connections surpassed Q3 consensus expectations for both revenue and earnings, and provided an increased forecast for FY24. The company's preliminary outlook for FY24 aligns with general market projections. Despite facing numerous challenges, the company's operational execution remains robust. Positioned advantageously for core solid waste growth and potential margin improvement, Waste Connections may see future positive adjustments to estimates, bolstered by its mergers and acquisitions pipeline and productivity initiatives.
The company's third-quarter results slightly surpassed expectations, and its guidance for 2024 has been moderately increased. Moreover, initial commentary for 2025 suggests there could be additional growth potential as the company progresses with its mergers and acquisitions opportunities.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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瑞杰金融分析师Patrick Brown维持$Waste Connections (WCN.US)$买入评级，并将目标价从163美元上调至205美元。
根据TipRanks数据显示，该分析师近一年总胜率为74.9%，总平均回报率为20.1%。
此外，综合报道，$Waste Connections (WCN.US)$近期主要分析师观点如下：
在Q3的业绩公布后，由于大宗商品的支撑减少，市场对短期增长的预期略有调整。然而，有信心认为业务的几个基本方面将持续推动价值向2025年正面发展，如强劲的定价、成本和生产率的改进，以及并购。
waste connections超出了Q3的营收和盈利的共识预期，并提高了FY24的预测。公司对FY24的初步展望与一般市场预测一致。尽管面临诸多挑战，该公司的运营执行保持强劲。在核心固体废物增长和潜在利润改善方面处于有利位置，waste connections可能会在未来看到估值的积极调整，受益于并购管线和生产力倡议。
公司第三季度的业绩稍微超出预期，并且其对2024年的指引已适度提高。此外，对2025年的初步评论表明，随着公司与并购机会的推进，可能会有额外的增长潜力。
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