01:45 PM EST, 02/14/2025 (MT Newswires) -- Truist Securities has raised its target on Waste Connections ( WCN ) to US$210, from US$200 and reiterated its Buy rating after the company reported mixed fourth-quarter results and issued 2025 guidance in-line with consensus.

Truist expects another year of "outsized" margin expansion to be driven by favorable price-cost spread with core pricing expected to be ~6%.

"We see improving FCF conversion rates over the next several years driven by core margin expansion and sustainability investments coming online in 2026/2027. We believe the set-up for the sector remains favorable and see WCN's superior business quality supporting a premium valuation to peers."

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