UBS raises Waste Connections stock target to USD 200.00

Published on 10/02/2026 at 03:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 2.56 billion, up 6.40 percent year over year. Waste Connections stock has results scheduled for October 21, 2026.

WCN, CA94106B1013, Illustration mit AI erstellt.

Waste Connections, Inc. (CA94106B1013) faces a valuation reset after UBS upgraded the stock to Buy and raised its price target from USD 186.00 to USD 200.00 on September 18, 2026. The move gives investors a fresh benchmark while the company heads toward its next quarterly report.

UBS lifts target to USD 200

According to Investing.com on September 18, 2026, UBS moved Waste Connections from Neutral to Buy and lifted its target from USD 176.00 to USD 200.00. A separate market report records the prior UBS target as USD 186.00, so the source set shows a USD 14.00 difference in the starting value.

The upgrade rests on cash-flow expectations rather than a new earnings release. UBS expects adjusted free cash flow per share to grow at an annual rate of 17.00 percent from 2026 through 2029, compared with a 10.00 percent peer average, while Chiquita-related spending is expected to decline after 2026.

Second-quarter revenue rose 6.40 percent

Waste Connections reported USD 2.56 billion of revenue in the second quarter of 2026, a 6.40 percent increase from the prior-year quarter. Adjusted EBITDA reached USD 840.10 million, up 6.80 percent year over year, and the adjusted EBITDA margin expanded to 32.80 percent, according to the company earnings-call transcript published by Yahoo Finance.

Management raised its full-year 2026 revenue outlook to USD 10.02 billion-USD 10.05 billion and its adjusted EBITDA outlook to USD 3.33 billion-USD 3.34 billion. The operating trade-off was visible in second-quarter solid-waste volumes, which declined 1.90 percent, while core pricing increased 5.60 percent.

October 21 report date is next

FT reported on September 30, 2026 that Waste Connections will release third-quarter 2026 results after the stock market closes on October 21, 2026, followed by an investor call on October 22, 2026, at 8:30 a.m. ET. That date is the next scheduled company-specific test for the higher analyst valuation.

Stock remains near its yearly low

The WCN share price was last at USD 150.66 on the NYSE on October 1, 2026 at 4:00 p.m. ET. The same quote showed a 52-week range of USD 146.89 to USD 179.74, placing the price 2.57 percent above the low and 16.18 percent below the high.