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Research Alert: CFRA Maintains Buy Opinion On Wcn Shares
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Research Alert: CFRA Maintains Buy Opinion On Wcn Shares
May 25, 2025 9:35 PM

01:15 AM EDT, 04/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Following WCN's Q1 earnings release, we are keeping our 12-month target price at CAD300, which implies an EV/EBITDA of 16.5x our 2026 EBITDA estimate, above peers but below WCN's own three-year forward average. We believe that WCN shares can build on their relatively strong YTD performance (up 15%) as the company leverages its industry-leading pricing to drive top- and bottom-line expansion. Despite macroeconomic uncertainty, WCN is set to achieve double-digit earnings expansion in 2025 (12% rise by our estimate) as it continues to execute on inorganic and organic growth opportunities within specialized and traditional waste services. Our 2025 EPS estimate was trimmed by USD0.01 to USD5.30, and our 2026 EPS outlook of USD6.02 was adjusted slightly from USD6.05. We remain optimistic on pricing looking out to the rest of 2025, with any tariff-led inflation being more than offset.

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