WM investors will ‘look closely’ at EBITDA calculation change, says Jefferies

Jefferies analyst Stephanie Moore notes WM (WM) reported a “mixed” Q4 and that guidance implies mid-single digit percentage revenue growth and high-single digit EBITDA growth. The firm thinks investors will “look closely” at the EBITDA calculation change, but it maintains a Buy rating and $250 price target given robust free cash flow generation and “attractive returns” to shareholders, the analyst added.