Waste Management, the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Bryan Burgmeier from Citi maintained a Buy rating on the stock and has a $268.00 price target.
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Bryan Burgmeier has given his Buy rating due to a combination of factors including Waste Management’s stable financial performance and future growth prospects. The company’s third-quarter results were in line with expectations, with EBITDA meeting consensus estimates, despite challenges from lower commodity prices. This was largely offset by strong performance in the Collection & Disposal segment, which saw margin expansion.
Furthermore, Waste Management’s management has reiterated its guidance for 2025, projecting significant free cash flow growth in 2026, which is expected to surpass current consensus estimates. The company’s strategic acquisitions and investments in sustainability initiatives are also contributing to its positive outlook. These factors collectively support the Buy rating, as they indicate potential for strong financial returns and growth in the coming years.
Burgmeier covers the Industrials sector, focusing on stocks such as Waste Connections, Waste Management, and GFL Environmental. According to TipRanks, Burgmeier has an average return of 10.6% and a 58.62% success rate on recommended stocks.