1139 ET - Waste Connections will likely provide good returns for a defensive stock, even if the market turns toward growth again. In a CIBC report, Kevin Chiang notes one concern of investors has been around funds flow, which he says could "pose a tactical risk." But Chiang estimates earnings and cash flow growth through 2030 could lead to an 11%-12% annual increase in the value of its stock. The analyst says this is possible even if the company's market valuation compared with its earnings decreases to the lower end of its usual range over the past five years. At the upper end of this range, Chiang sees CAGR could reach 17%. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 11:39 ET (15:39 GMT)
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