Truist Maintains $220 PT on Waste Connections (WCN)

Waste Connections, Inc. (NYSE:WCN) is one of the best high growth stocks. On June 20, Truist reaffirmed a Buy rating on WCN with a price target of $220.

Truist conveyed confidence in Waste Connections, Inc. (NYSE:WCN)’s ability to uphold premium pricing, attributing this to its focus on service excellence, vertical integration, and workforce stability. The research firm specifically highlighted the often overlooked value of low employee turnover, noting its role in driving a significant 10.75% revenue growth over the past twelve months.

Waste Connections also continues to exhibit impressive merger and acquisition activity. The firm noted that, relative to its industry peers, WCN is particularly well-positioned to capitalize on future solid waste acquisition opportunities.

Waste Connections' solid balance sheet and consistent free cash flow generation have been identified as critical drivers of its acquisition strategy. These financial strengths afford the company strategic flexibility to capitalize on further growth opportunities within the solid waste sector.

Waste Connections, Inc. (NYSE:WCN) provides comprehensive non-hazardous waste management services across the United States and Canada.

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