Waste Connections and Progressive Waste Solutions Issue Joint Statement

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Go back to Waste Connections and Progressive Waste Solutions Issue Joint Statement

Imperial Capital Cuts Price Target on Waste Connections (WCN) as New Treasury Regulations Compromise BIN Merger

April 6, 2016 7:04 AM EDT

Imperial Capital maintained an Outperform rating on Waste Connections Inc. (NYSE: WCN), and cut the price target to $72.00 (from $75.00), following the U.S. Treasury Department's new regulations regarding tax inversions. The inversion regulations compromise a bit of the tax accretion from the company's BIN merger. However, in a press release, WCN affirmed its... More