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WM initiated with a Buy at Stifel

Stifel analyst Shlomo Rosenbaum resumed coverage of WM (WM) with a Buy rating and $252 price target as the firm resumed coverage of the solid waste space. Citing a combination of RNG and recycling projects coming online, capital intensity normalizing, and Stericycle cost synergy realization, the firm expects significant free cash flow expansion in 2026 and 2027.

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