BMO Capital raised the firm’s price target on WM (WM) to $245 from $241 and keeps a Market Perform rating on the shares. The presentations by the management reinforced the company’s strong outlook for earnings and free cash flow growth over the intermediate term, the analyst tells investors in a research note. WM also continues to have opportunities to add to its already industry-leading digital capabilities, which is increasingly becoming a differentiator for the business, BMO added.
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