JP Morgan analyst Tami Zakaria has maintained an Overweight rating on Waste Connections while lowering the price target to $195 from $210. The revised target suggests a reduction in the stock's valuation potential despite the positive outlook. The rating indicates that the stock is expected to outperform the broader market.

Analyst Rating and Price Target

Zakaria's decision to keep the Overweight rating implies that Waste Connections offers significant upside compared to other investment opportunities. The price target decrease to $195 signals a recalibration in the company's projected fair value.

The stock, listed on the NYSE under the ticker WCN, continues to be viewed as a buy by JP Morgan. Investors should consider the Overweight stance when making portfolio decisions.

Waste Connections of Canada officially opened a new renewable natural gas (RNG) facility at the Ridge Landfill in Chatham-Kent, Ontario, on June 30, 2026. The nearly $100 million project converts landfill gas into pipeline-quality low-carbon energy, reducing greenhouse gas emissions by more than 85,000 tonnes annually. This initiative supports local economic development and strengthens regional supply chains through the involvement of Ontario-based contractors and engineers.

Developed in partnership with Enbridge Gas, the facility features an RNG injection station and a 5.7-kilometre pipeline connecting the landfill to the natural gas distribution system. Construction began in 2023, with the facility commissioned in late 2025 and entering full operation in early 2026. At full capacity, the plant processes approximately 62.6 million cubic metres of landfill gas each year.

Project Specifications

The operational and environmental metrics of the Ridge RNG facility are detailed below:

Strategic Impact

By injecting renewable natural gas into the existing distribution network, the project lowers the carbon intensity of energy used by homes, businesses, and vehicle fleets. The ribbon-cutting ceremony was attended by Ontario Minister of the Environment, Conservation and Parks Todd McCarthy, Ontario Minister of Agriculture, Food and Agribusiness Trevor Jones, and Chatham-Kent Mayor Darrin Canniff, underscoring the project's regional significance.