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Fly News Breaks for April 26, 2019
WCN
Apr 26, 2019 | 08:17 EDT
BMO Capital analyst Devid Dodge raised his price target on Waste Connections to $101 and kept his Outperform rating after its Q1 earnings beat, saying that after a weather-driven 1.2% softness in volumes last quarter, the management's forecast of a recovery in Q2 volumes is "sooner than expected." The analyst adds that the industry fundamentals for Waste Connections "remain very favorable with pricing shifting higher and solid underlying volume growth." Dodge adds that Waste Connections is positioned for further margin expansion and free cash flows amid "slow and steady economic growth."