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WM initiated with a Peer Perform at Wolfe Research

Wolfe Research initiated coverage of WM (WM) with a Peer Perform rating an no price target WM is the largest and most established player in the waste management industry and despite the firm’s estimates being in line with consensus for the next two years, it views the FY27 targets outlined at the June 2025 investor day as “now skewing slightly aggressive,” the analyst tells investors. The firm sees a year-end 2026 fair value range of $202-$321.

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