AlphAIAlphAI — Financial news for AI agents
investing.comOCT 232 min read$WCN

Scotiabank raises Waste Connections stock price target on Q3 results

Scotiabank raised its price target on Waste Connections (WCN) to $201 from $193, citing strong Q3 results and raised guidance. The firm increased its EV/EBITDA multiple to 15.0x for 2028. WCN's stock surged over 10% in the past week, trading near its 52-week high. Q3 earnings beat expectations with $1.58 EPS and $2.63B revenue. The company also raised its full-year outlook.

Original reporting
investing.com
Published Oct 23, 2026, 12:46 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 23, 2026, 1:03 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefEarnings
Primary signal
$WCN
Bullish
high confidence
Mentioned
$WCN
Relevance
7/10
AlphAI data visualization · based on investing.com
Decision brief

The 30-second read

$WCNBullishHigh
01

Why it matters

The earnings beat and guidance raise provide fresh, material information that can influence trader decisions on WCN.

02

Market read

The new earnings data and analyst upgrade create a short‑term bullish catalyst for WCN.

03

What to watch

Potential headwinds from rising input costs and AI‑driven volatility could temper upside.

Relevance 7/10Novelty 8/10Timing: today

Background

Waste Connections reported Q3 2026 earnings that exceeded forecasts, prompting Scotiabank to raise its price target and EV/EBITDA multiple.

Company-level read

Ticker impact

$WCNBullishHigh confidence
Context

Scotiabank raised its price target on Waste Connections (WCN) after the company posted Q3 results that beat expectations and raised guidance.

Expected impact

potential upside as the market prices in the improved earnings outlook and higher price target

Evidence & confidence

Guidance raise and target increase are fresh, material information that can drive buying pressure.

Market effects

Sector

Stronger earnings may lift other waste‑management and environmental services stocks.

Regional

Positive for U.S. mid‑cap industrials.

Global

Limited to U.S. equity markets; no broader macro effect.

Counterpoint

What could challenge this read

The stock may be overvalued at a 45x P/E despite the beat, risking a pullback.

Key entities

  • company
    Waste Connections Inc.

    U.S. waste‑management firm that reported Q3 results.

  • analyst
    Scotiabank

    Raised price target and valuation multiples for WCN.

Read at source← All news

StoryScotiabank lifts Waste Connections price target to $201 and keeps Sector Outperform rating

Related articles

OCT 23
$WCNMedAI 8/10

WCN Q3 deep dive: margin expansion and sustainability initiatives drive optimism for 2027

Waste Connections (WCN) reported Q3 revenue of $2.64B, beating estimates by 1.2%, and adjusted EPS of $1.58, beating by 3.9%. The company raised its full-year revenue guidance to $10.09B. Operating margin expanded to 20.5% from 17.9% YoY. Management highlighted margin expansion from pricing discipline, landfill volume recovery, and sustainability investments, including RNG facilities. The board approved a 10% dividend increase and $1B in share repurchases.

finance.yahoo.com2 min
OCT 23
$WCNMed

BMO raises Waste Connections stock price target on growth outlook

BMO Capital increased its price target for Waste Connections Inc. (WCN) to $206, citing growth prospects and recent stock performance. The company's Q3 earnings beat estimates, with revenue at $2.63B and EPS at $1.58. WCN raised its full-year outlook, and Scotiabank also upgraded its target to $201. The stock trades near its 52-week high at $185.91.

investing.com2 min
OCT 23
$WCNHighAI 8/10

Waste Connections Q3 Earnings Call Highlights

Waste Connections reported Q3 earnings, noting growth in special-waste and recycling revenue, while residential construction remains pressured. The company raised its full-year outlook to $10.09B in revenue and $3.345B in adjusted EBITDA. It expects mid- to high-single-digit revenue growth for 2027, with adjusted EBITDA margin expansion. Waste Connections has $1B in liquidity and repurchased $1B of stock year-to-date, increasing its dividend by 10%.

finance.yahoo.com2 min
OCT 22
$WCNHighAI 8/10

Why Waste Connections Stock Is Up Today

Waste Connections (WCN) shares rose after Q3 revenue grew 7% to $2.6B. EPS of $1.58 beat estimates. The company raised its full-year forecast and increased its dividend by 10%. Acquisitions and pricing power drove growth, offsetting higher fuel costs.

finance.yahoo.com2 min