WM price target lowered to $223 from $234 at RBC Capital

RBC Capital lowered the firm’s price target on WM (WM) to $223 from $234 and keeps a Sector Perform rating on the shares. The company reported a largely mixed Q3, with adjusted EBITDA in line with consensus, while its 2025 revenue guidance was also revised to the low-end of the previous range, the analyst tells investors in a research note. Trends across the business are largely in line with last quarter, with price-led organic growth and margin expansion partially offset by commodity headwind, the firm added.