Scotiabank lifts Waste Connections price target to $201 and keeps Sector Outperform rating
Scotiabank raised its price target for Waste Connections Inc. to $201, up from $193, after the company posted strong third‑quarter results. The bank also increased its 2028 EV/EBITDA multiple to 15.0x and maintained a Sector Outperform rating. Waste Connections reported adjusted Q3 earnings of $1.58 per share, revenue of $2.63 billion, and EBITDA of $896 million, an 8% year‑over‑year increase.
Why it matters
The higher price target and valuation multiple signal Scotiabank’s more optimistic outlook, which could lift investor sentiment and support the stock’s recent rally. The maintained Sector Outperform rating reinforces the bank’s positive stance on the company’s growth prospects.
Key facts
- 1Scotiabank raised its price target to $201 from $193. investing.com
- 2The bank increased its 2028 EV/EBITDA multiple to 15.0x, up from 14.5x. investing.com
- 3Waste Connections reported adjusted Q3 earnings of $1.58 per share. investing.com
- 4Q3 revenue was $2.63 billion. investing.com
- 5The stock surged over 10% in the past week. investing.com
- 6Q3 EBITDA was $896 million, an 8% year‑over‑year growth. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.