10 Most Profitable Canadian Stocks to Buy Now

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6. Waste Connections Inc. (NYSE:WCN)

On March 13, Wolfe Research began coverage of Waste Connections Inc. (NYSE:WCN) with an Outperform rating and a price target of $199. The firm expects Waste Connections to uphold its margin premium and deliver significant operating margin expansion in the future. This year, the basic solid waste operating margin expansion is on track to reach 100 basis points.

Meanwhile, on March 11, Bernstein SocGen Group maintained its Outperform rating and $205 price target for Waste Connections Inc. (NYSE:WCN), with the firm rating Waste Connections as the highest quality name in its waste coverage.

According to the firm, Waste Connections Inc. (NYSE:WCN) continues to offer competitive margins and pricing power. Despite these advantages, the stock is now trading on par with peers such as WM and RSG for the first time. Bernstein believes this is primarily sentiment-driven instead of a decline in the core business.

Waste Connections Inc. (NYSE:WCN) is a solid waste management company providing integrated services including non-hazardous waste collection, transfer, disposal, and resource recovery (recycling and renewable fuels).

While we acknowledge the potential of WCN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WCN and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Most Profitable Canadian Stocks to Buy Now.

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