Citigroup Maintains Neutral Rating for Waste Connections: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained a Neutral rating for Waste Connections (NYSE:WCN) but raised its price target from $136.00 to $163.00. Waste Connections' shares are currently trading at $146.72, and the new price target suggests an 11.1% potential upside. Waste Connections is a major North American integrated waste and recycling services provider, with a significant presence in Canada.
January 18, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Citigroup maintains a Neutral rating on Waste Connections but increases the price target to $163, suggesting a potential 11.1% rise from the current trading price.
The increase in the price target by Citigroup could lead to a positive investor sentiment in the short term, as it implies a potential upside from the current share price. However, the Neutral rating suggests that Citigroup does not see significant catalysts for outperformance in the near future.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90