Morgan Stanley cuts Waste Connections stock target to USD 195

Published on 10/18/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Waste Connections stock faces third-quarter results on October 21, 2026. Second-quarter revenue reached USD 2.56 billion, up 6.40 percent year over year.

Targets and earnings dates

Morgan Stanley cut its Waste Connections target to USD 195.00 on October 13, 2026.
Second-quarter revenue reached USD 2.56 billion, up 6.40 percent year over year.
Third-quarter results are scheduled for October 21, 2026, followed by a call on October 22, 2026.

WCN, CA94106B1013, Illustration mit AI erstellt.

Waste Connections (ISIN CA94106B1013) has a Morgan Stanley price target of USD 195.00, down from USD 205.00, after the analyst firm maintained an Overweight rating on October 13, 2026, according to MarketBeat. The revision came ahead of Waste Connections' third-quarter results, scheduled for October 21, 2026.

Results arrive on October 21

Waste Connections announced on September 30, 2026, that it will publish third-quarter results after the market close on October 21, 2026. The company scheduled its related investor conference call for October 22, 2026, at 8:30 a.m. ET.

The upcoming release is important because the latest reported quarter combined higher sales with positive earnings momentum. In the second quarter of 2026, revenue was USD 2.56 billion and net income attributable to common shareholders was USD 296.40 million, according to MarketBeat. Diluted earnings per share were USD 1.50, compared with USD 1.35 consensus, while revenue increased 6.40 percent year over year.

What does the target cut mean?

The lower target does not amount to a rating downgrade. Morgan Stanley retained its Overweight view while reducing the target by USD 10.00, leaving the firm positioned below the consensus target of USD 199.22 reported by MarketBeat. The same report cited higher fuel costs, softer waste volumes and acquisition dilution as factors influencing recent target changes.

Three dates frame the story

On July 22, 2026, Waste Connections reported USD 2.56 billion in second-quarter revenue and USD 1.50 in earnings per share. On September 18, 2026, UBS raised its target from USD 176.00 to USD 200.00 while upgrading the stock to Buy, as reported by MarketBeat. On October 13, 2026, Morgan Stanley cut its target from USD 205.00 to USD 195.00.

Upcoming investor dates

Waste Connections is scheduled to report third-quarter 2026 results on October 21, 2026, after the market close. The investor call follows on October 22, 2026, at 8:30 a.m. ET.

Business scale remains substantial

Waste Connections provides non-hazardous waste collection, transfer, disposal, recycling and resource recovery services across the United States and Canada. The company serves approximately nine million residential, commercial and industrial customers in 46 states and six provinces, according to the company's September 30, 2026 release. Its market capitalization was USD 42.2 billion as of October 16, 2026, while its 52-week range was USD 146.89 to USD 179.74.

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