Waste Connections Inc. (NYSE:WCN) is one of the best buy-the-dip stocks to buy, according to analysts. On September 29, Stifel initiated coverage of the stock with a Buy rating and a $221 price target, impressed by the company’s differentiated growth strategy.
Stifel Initiates Waste Connections Inc. (WCN) Coverage with ‘Buy’ Rating Impressed by Growth Prospects
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The company operates approximately 40% of its business under exclusive or franchise contracts, while the remaining 60% serves secondary and rural markets. Amidst its resilient business structure, the company has demonstrated strong operational performance with a solid 42% gross profit margin.
The research firm expects the company to deliver mid-7% to 8% free cash flow growth from 2028 onward. It also expects acquisitions and operational excellence to drive the investment thesis. It also expects the company to return capital to shareholders through share repurchases.
Waste Connections Inc. (NYSE:WCN) is a solid waste management company providing integrated services including non-hazardous waste collection, transfer, disposal, and resource recovery (recycling and renewable fuels). It also offers specialized services like non-hazardous oilfield waste treatment and intermodal container transport in the Pacific Northwest.
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Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/stifel-initiates-waste-connections-inc-084731981.html
