Waste Management, the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Devin Dodge from BMO Capital maintained a Hold rating on the stock and has a $237.00 price target.
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Devin Dodge has given his Hold rating due to a combination of factors, starting with WM’s 2026 guidance, which he views as more optimistic than that of peers and therefore less able to withstand unexpected disruptions while offering limited upside to current estimates. He also points out that, although the stock trades toward the low end of the peer valuation range, WM’s business mix and relatively modest growth profile cap the potential for a higher multiple.
On the operational side, softer volumes tied to weather, portfolio adjustments, and event-driven comparisons are weighing on near‑term performance, and the early‑year weakness makes achieving the full‑year volume target challenging. In addition, once one‑off items are adjusted out, underlying solid waste margins appear slightly weaker and are expected to face ongoing pressure from elevated corporate costs and fading event‑related tonnage, even as WM executes well on healthcare synergies and maintains a steady $237 price target.
In another report released today, RBC Capital also maintained a Hold rating on the stock with a $240.00 price target.
WM’s price has also changed moderately for the past six months – from $197.530 to $230.310, which is a 16.59% increase.