Morgan Stanley cuts Waste Connections stock target to USD 195

Published on 10/15/2026 at 13:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley trims Waste Connections stock target ahead of October 21 results. Waste Connections stock costs EUR 140.32 on October 15, 2026.

Target and earnings calendar

Morgan Stanley cut its Waste Connections target from USD 205 to USD 195 on October 13, 2026.
Second-quarter revenue rose 6.40 percent to USD 2.56 billion in 2026.
Waste Connections stock was trading at EUR 140.32 at 1:42 p.m. CEST at Lang & Schwarz on October 15, 2026.

WCN, CA94106B1013, Illustration mit AI erstellt.

Waste Connections (CA94106B1013) stock was trading at EUR 140.32 at Lang & Schwarz on October 15, 2026 at 1:42 p.m. CEST. Markets Insider reported on October 13, 2026 that Morgan Stanley lowered its price target from USD 205 to USD 195 while retaining an Overweight rating.

Target cut sharpens earnings focus

The lower target came in an earnings preview that highlighted the risk of weaker organic growth. Morgan Stanley said such weakness could be punished and attributed to artificial intelligence concerns, while its Overweight rating remained in place.

The next report will provide the more important operating test. Zacks said on October 14, 2026 that consensus called for third-quarter adjusted earnings of USD 1.52 per share and revenue of USD 2.61 billion, with revenue expected to rise 6.00 percent year over year.

What does the target cut change?

The adjustment leaves the analyst view positive but lowers the valuation reference by USD 10.00. The upcoming figures will show whether Waste Connections can maintain the growth pace that supported its second-quarter results.

Three dated steps toward results

On July 22, 2026, Waste Connections reported second-quarter revenue of USD 2.56 billion, up 6.40 percent year over year, while adjusted earnings reached USD 1.50 per share against a USD 1.35 consensus estimate, according to Zacks. On September 30, 2026, the company announced that third-quarter results would follow after the market close on October 21, 2026. On October 13, 2026, Morgan Stanley cut its target from USD 205 to USD 195.

Two dates set the next test

Waste Connections scheduled the third-quarter earnings release for October 21, 2026, after the stock market closes, followed by an investor conference call on October 22, 2026, at 8:30 a.m. ET.

Stock valuation remains the counterpoint

The finance snapshot placed Waste Connections at a USD 39.5 billion market capitalization on October 14, 2026, with a 52-week range of USD 146.89 to USD 179.74. Its latest reported second-quarter operating figures and the October earnings date give investors two concrete benchmarks for judging the reduced target.

Waste Connections was trading at EUR 140.32 at Lang & Schwarz on October 15, 2026 at 1:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Waste Connections stock.