UBS Downgrades Waste Connections to Neutral, Raises Price Target to $181
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jon Windham downgraded Waste Connections (WCN) from Buy to Neutral but increased the price target from $170 to $181.

February 29, 2024 | 10:55 am
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Waste Connections was downgraded by UBS from Buy to Neutral, although its price target was raised from $170 to $181.
The downgrade to Neutral suggests a more cautious outlook on WCN's stock by UBS, potentially due to valuation or other concerns. However, the increase in the price target to $181 indicates a positive view on the company's future performance. This mixed signal could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100