KeyBanc Raises PT on Waste Connections (WCN)
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Price: $166.18 +0.01%
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
14 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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KeyBanc today reiterated a Buy rating on Waste Connections Inc. (NYSE: WCN) and raised its price target to $39.00 (from $37.00).
"Given our estimate that roughly 48% of revenues in 2013 could stem from its Western markets, namely California, Oregon and Washington, in conjunction with our view that these 'franchise' contracts generate higher margins, we believe a recovery in this region is paramount to improvement in WCN’s solid waste business," said analyst Joe Box.
For an analyst ratings summary and ratings history on Waste Connections Inc. click here. For more ratings news on Waste Connections Inc. click here.
Shares of Waste Connections Inc. closed at $35.18 yesterday.
"Given our estimate that roughly 48% of revenues in 2013 could stem from its Western markets, namely California, Oregon and Washington, in conjunction with our view that these 'franchise' contracts generate higher margins, we believe a recovery in this region is paramount to improvement in WCN’s solid waste business," said analyst Joe Box.
For an analyst ratings summary and ratings history on Waste Connections Inc. click here. For more ratings news on Waste Connections Inc. click here.
Shares of Waste Connections Inc. closed at $35.18 yesterday.
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