11:17 AM EDT, 07/26/2024 (MT Newswires) -- Waste Connections ( WCN ) reported upside second quarter results and raised 2024 guidance primarily due to another active M&A quarter (bought ~$275 million in annual revenue), notes Truist Securities.

"We think WCN is poised to message another year of outsized margin expansion in 2025 next quarter with easier volume comps and persistent tailwinds from outsized price/cost spread."

Reiterating its Buy rating and US$200 target. Truist continues to view Waste Connections ( WCN ) as the highest quality name in its Solid Waste coverage, "supportive of a ~20% premium multiple to direct peers."

Price: 243.99, Change: +1.25, Percent Change: +0.51