WM price target raised to $237 from $231 at Oppenheimer

Oppenheimer raised the firm’s price target on WM (WM) to $237 from $231 and keeps an Outperform rating on the shares. The firm notes shares traded up Thursday after WM guided FY25 revenue/EBITDA midpoints above the Street estimate on a view to strong incrementals for solid waste organic growth, a substantial year-over-year increase in sustainability growth contributions, and upsized synergy expectations for Stericycle.