FINWIRES · TerminalLIVE
FINWIRES

Waste Connections Price Target Raised at RBC, CIBC

By

Analysts at RBC Capital Markets and CIBC Capital Markets raised their price targets on Waste Connections Inc. (WCN.TO, WCN) to US$218 from US$210, and to US$198 from US$197, respectively.

RBC analyst Sabahat Khan maintained an Outperform rating on shares of the dual-listed integrated waste services company following its quarterly results on Thursday.

The stock rose $17.65, or approximately 8%, to $231.36 on the Toronto Stock Exchange.

"WCN reported Q1 Adj. EBITDA/EPS ahead of Street forecasts, while 2026 guidance was reiterated," Khan said in a note to clients.

"Overall, we believe WCN remains well-positioned for 2026, with guidance remaining a conservative starting point given the strong start to the year, with upside potential from higher commodity prices (supportive of the E&P business, Recycling prices beginning to move in the right direction), a more supportive macro backdrop (SW volumes up for the 6th consecutive quarter, potentially indicating some pent-up demand), and M&A (pipeline robust)," the analyst said.

CIBC analyst Kevin Chiang maintained an outperformer rating on the stock.

"WCN's shares are up sharply after reporting strong Q1 results, highlighting the resiliency in its business model despite the current geopolitical landscape," Chiang said in a note to clients.

"Underlying fundamentals remain strong and there is upside potential to WCN's 2026 guidance," the analyst said.

"In addition, we see a re-acceleration in WCN's EPS growth trends moving past H1/26," Chiang said. "We view Q1 results as an inflection point for WCN's shares and the sentiment around the name."

Related Articles

Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Eqt Corp.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price remains $62, a combination of relative valuation and DCF models. On a relative basis, we apply a 6.2x multiple of enterprise value to projected 2027 EBITDA, above EQT's historical forward average. We think a small premium is defendable, given an improving operating cost profile. Our DCF model, using medium-term free cash flow growth of 4%, terminal growth of 2%, and WACC of 6.7%, yields a value of $70 per share. We lift our 2026 EPS estimate by $0.04 to $4.85 and 2027's by $0.01 to $4.68. Natural gas pricing has dissipated to a degree recently, leading EQT to pull back some production in Q2, but we still see modest volume growth in 2026. Longer-term growth drivers tied to data centers and liquefied natural gas export demand look intact, in our view. We think the most positive development is the improvement in free cash flow. Net debt levels are creeping closer to management's targeted levels.

$EQT
Research

Research Alert: CFRA Lifts Opinion On Adss Of America Movil S.a.b. De C.v. To Buy From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by USD4 to USD30, 14.4x our 2026 earnings per ADS estimate, a premium to its five-year forward average P/E at 12.2x. We trim our 2026 earnings per ADS estimate by MXN0.80 to MXN36.20 and raise 2027's by MXN1.20 to MXN39.40. AMX reported strong performance in Colombia, Peru, and Central America, emphasizing improvements in broadband, postpaid growth, cost control, and digitalization across the region. There was an acceleration in both postpaid subscriber growth and broadband accesses, with the base increasing 8.8% and 6%, respectively, compared to the prior-year quarter. Service revenue growth in the fixed line platform was supported by rapid residential demand in specific regions, including Eastern Europe, Central America, Peru, and Ecuador. Cash flow was robust, allowing coverage of capital expenditure, share buybacks, labor obligations, and a reduction in net debt.

$AMX
Research

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Pool Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month price target by $17 to $269, based on 24x our 2026 EPS estimate (up from 23x), a discount to POOL's 26x five-year average forward multiple, reflecting cyclical headwinds to new pool construction. We raise our 2026 EPS estimate to $11.20 from $10.95 and raise 2027's to $11.94 from $11.81, reflecting strong Q1 chemical (+8% Y/Y), equipment (+7% Y/Y) sales growth and gradual improvement in building materials growth (+5% Y/Y). We reiterate our Buy opinion, viewing management's 2026 EPS guidance of $10.87-$11.17 as achievable given low single-digit sales growth and flat operating margins, with upside as tariff cost impacts wane. We think POOL's unmatched scale (455 sales centers) provides it key advantages, including a differentiated product portfolio, ability to ramp private label product sales, and technology (POOL360) and supplier partnerships that support the company's ability to gain market share of the 5.5 million installed pool base in the U.S.

$POOL