Waste Management: Hold Rating Amid Strategic Initiatives and Stable Financial Projections

Toni Kaplan, an analyst from Morgan Stanley, maintained the Hold rating on Waste Management (WM – Research Report). The associated price target remains the same with $235.00.

Toni Kaplan has given his Hold rating due to a combination of factors surrounding Waste Management’s strategic initiatives and financial projections. The company is expected to focus on its sustainability projects and the integration of WM Healthcare, which are anticipated to drive growth in the coming years. However, despite these positive developments, there is an expectation that management will not alter their 2025 guidance, which may limit immediate upside potential.
Furthermore, while Waste Management is projected to achieve revenue growth in line with previous estimates and slightly higher EBITDA growth, these targets are largely consistent with past performance. The anticipated synergies and sustainability investments, although promising, do not significantly alter the current financial outlook. As a result, Toni Kaplan maintains a Hold rating, reflecting a balanced view of the company’s prospects against its current valuation.