CIBC Reduces the Firm's PT on Waste Connections, Inc. (WCN) Stock

Waste Connections, Inc. (NYSE:WCN) is one of the Best Depressed Stocks to Buy Right Now. On January 8, CIBC reduced the firm’s price objective on the company’s stock to $208 from $210, while keeping an “Outperform” rating, as reported by The Fly. As per the firm’s analyst, the focus would be on commentary related to the 2026 volume and pricing, which includes updated recycled commodity as well as RIN price assumptions, which could act as a headwind. That being said, the underlying solid waste margins are still projected to expand significantly.

Elsewhere, on January 5, Bernstein lifted the firm’s price objective on Waste Connections, Inc. (NYSE:WCN)’s stock to $205 from $200, while keeping an “Outperform” rating. The firm noted that 2025 was a lackluster year for the US waste stocks.

That being said, the subsector outperformed the market in H1 of the year because of defensive qualities ahead of the presumed recession due to tariffs that never came. Notably, this performance reversed in H2 of the year, with investors rotating back into the companies having higher beta, and weakness in the Recycling segment negatively impacted the waste sector.

Waste Connections, Inc. (NYSE:WCN) offers non-hazardous waste collection, transfer, disposal, as well as resource recovery services.

While we acknowledge the potential of WCN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.