Bernstein initiated coverage of WM (WM) with an Outperform rating and $255 price target The firm is positive on the Waste Industry, which stands ahead of an inflection point in free cash flow growth, trading at a decade-low relative valuation. Bernstein believes this is a well-timed initiation: the core solid-waste business is set to improve, while new non-core RNG and Recycling investments become incremental to profitability starting next year. The firm sees upside to consensus estimates and potential multiple expansion in 2026, contingent on solid execution.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WM:
- Insider Moves: Norwegian, Royal Caribbean, Waste Management, Blackstone, and American Tower
- Waste Management, Qorvo, CyberArk, Kimberly Clark, ADM: Trending by Analysts
- DraftKings, Flutter downgraded: Wall Street’s top analyst calls
- WM upgraded to Outperform from Neutral at Baird
- Waste Management: Strong Growth Potential and Attractive Valuation Justify Buy Rating