Waste Connections Inc. (WCN) NDR Shows Improving ESG Profile - Oppenheimer

Oppenheimer analyst Noah Kaye reiterated an Outperform rating and $144.00 price target on Waste Connections Inc. (NYSE: WCN) after hosting Mary Anne Whitney (CFO), Joe Box (Finance Director), and Kurt Shaner (VP of Engineering) for investor meetings.

The analyst stated "Core business trends remain substantially intact; we expect that higher inflation likely pushes FY22 price toward the upper end of the range. We see likely upside to WCN's planned $500M sustainability-linked investments through 2035 (resource recovery, biogas recovery, leachate treatment are main buckets), given improving economics and alignment with the company’s strategic priorities. We view an improving ESG profile based on expanded disclosures, progress toward sustainability targets, and market acceptance of WCN’s net GHG offset profile as a driver for long-term share appreciation."

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 $135.26 yesterday.

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