UBS raises target for Waste Connections stock from USD 176 to USD 200

Published on 10/07/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 6.40 percent to USD 2.56 billion in the second quarter of 2026. UBS upgraded Waste Connections stock on September 18, 2026.

WCN, CA94106B1013, Illustration mit AI erstellt.

Waste Connections (ISIN CA94106B1013) generated USD 2.56 billion in second-quarter 2026 revenue, up 6.40 percent year over year, according to Yahoo Finance. On September 18, 2026, Investing.com reported that UBS upgraded Waste Connections from Neutral to Buy and raised its price target from USD 176 to USD 200. The call combines operating resilience with a valuation argument, but the market still has to absorb weaker volumes and Chiquita-related spending.

Revenue growth lifts the outlook

Waste Connections increased its full-year 2026 revenue outlook to USD 10.02 billion to USD 10.05 billion, up USD 100 million to USD 120 million from its February outlook, according to Yahoo Finance. The adjusted EBITDA outlook stands at USD 3.33 billion to USD 3.34 billion, compared with USD 3.30 billion to USD 3.325 billion previously.

The second-quarter adjusted EBITDA margin was 32.80 percent, and adjusted EBITDA rose 6.80 percent year over year to USD 840.1 million. That combination matters because the company expanded profitability while revenue grew at a mid-single-digit rate.

Fuel and volumes remain the counterweight

Management said second-quarter solid waste volumes declined 1.90 percent year over year, while total pricing increased 6.70 percent, including 1.10 percentage points from fuel and material surcharges, according to Yahoo Finance. The guidance therefore depends on pricing recovery, commodity values and the pace of acquisition contributions as much as on volume growth.

UBS also pointed to cash flow potential after 2026, when Chiquita-related spending is expected to decline. Investing.com said UBS forecasts adjusted free cash flow per share growth of 17.00 percent from 2026 through 2029, compared with a 10.00 percent peer average.

Stock reference remains dated

The prior close at Lang & Schwarz was EUR 137.32 on October 5, 2026. Waste Connections had a market capitalization of USD 39.0 billion on October 6, 2026, while its NYSE 52-week range was USD 146.89 to USD 179.74. The company is listed on the NYSE under WCN, as identified by The Wall Street Journal.

The further course of trading is shown by the continuously updated real-time quote of Waste Connections stock.