Analysts have been eager to weigh in on the Services sector with new ratings on Waste Connections (WCN) and MTY Food Group (MTYFF).
Waste Connections (WCN)
In a report issued on October 8, Walter Spracklin from RBC Capital maintained a Buy rating on Waste Connections, with a price target of $122.00. The company’s shares closed last Friday at $103.76, close to its 52-week high of $105.87.
According to TipRanks.com, Spracklin is a 5-star analyst with an average return of 16.1% and a 69.2% success rate. Spracklin covers the Industrial Goods sector, focusing on stocks such as Andlauer Healthcare Group, TFI International, and GFL Environmental.
Currently, the analyst consensus on Waste Connections is a Strong Buy with an average price target of $115.00, a 10.7% upside from current levels. In a report issued on September 23, J.P. Morgan also upgraded the stock to Buy with a $108.00 price target.
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MTY Food Group (MTYFF)
RBC Capital analyst Sabahat Khan maintained a Hold rating on MTY Food Group on October 9 and set a price target of C$43.00. The company’s shares closed last Friday at $32.96.
According to TipRanks.com, Khan is ranked #5900 out of 7010 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for MTY Food Group with a $26.30 average price target, which is a -12.5% downside from current levels. In a report issued on October 1, TD Securities also maintained a Hold rating on the stock with a C$32.00 price target.
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