UPDATE: Wedbush Lowers PT to $37 on Waste Connections - Waste Connections (NYSE:WCN)

27% profits every 20 days?

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A report from Wedbush reiterates its Outperform rating and lowers its price target from $39 to $37 on Waste Connections (NYSE: WCN).The report states, “Maintain OUTPERFORM although company not immune to drop in fiber prices and sluggish economy. We are reaffirming our positive stance on shares of Waste Connections (WCN) despite lowering our earnings model assumptions for the recent drop in fiber prices, including old corrugated cardboard (OCC) and old newsprint (ONP), and shifts in revenue-mix assumptions and overall volume assumptions which we are moderating lower.”WCN closed yesterday at $32.50.

27% profits every 20 days?

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