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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瑞傑金融分析師Patrick Brown維持$Waste Connections (WCN.US)$買入評級，並將目標價從163美元上調至205美元。
根據TipRanks數據顯示，該分析師近一年總勝率為74.9%，總平均回報率為20.1%。
此外，綜合報道，$Waste Connections (WCN.US)$近期主要分析師觀點如下：
經過Q3業績後，由於大宗商品的支撐減少，短期增長預期有所調整。然而，業務的幾個基本方面被認爲將繼續推動價值正面增長到2025年，如強勁的定價、成本和生產力改進，以及併購。
waste connections超越了Q3營業收入和盈利的共識預期，併爲FY24提供了增加的預測。公司對FY24的初步展望與一般市場預測一致。儘管面臨諸多挑戰，公司的運營執行仍然穩健。waste connections在覈心固體廢物增長和潛在邊際改善方面處於有利位置，通過其併購管道和生產力舉措，waste connections可能會看到未來的正面估值調整。
公司的第三季度業績略超預期，並且其2024年的指導已適度增加。此外，對2025年的初步評論表明隨着公司推進其併購機會，可能會有額外的增長潛力。
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