CIBC analyst Kevin Chiang lowered the firm’s price target on WM (WM) to $244 from $247 and keeps a Neutral rating on the shares. Heading into the Q1 earnings season, the firm says it does not expect any major guidance revisions from the Canadian rails or the waste sector. For its industrial/transportation coverage, the firm says waste fundamentals remain strong and it is “our preferred sector” in the face of growing economic and political uncertainty.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WM:
- WM price target raised to $260 from $255 at Scotiabank
- PM, WM, AZN: 3 Inflation Beating Stocks in the New World of Trump Tariffs
- Waste Management: A Resilient Buy Opportunity Amid Market Uncertainties
- Insider Moves: Southwest, Celsius, Vistra, Waste Management, BigBearai Stocks
- Fastly, Texas Instruments, Medical Properties, SolarEdge, Waste Management: Stock Moves Unveiled!