BMO Capital raised the firm’s price target on WM (WM) to $248 from $245 and keeps a Market Perform rating on the shares after its Q2 earnings beat. Despite incremental near-term headwinds from commodity prices, there is good visibility into WM generating low-double-digit EBITDA growth over the intermediate term, the analyst tells investors in a research note. BMO adds that WM pricing remains solid and should overcome persistent cost inflation to drive margin expansion in the coming quarters.
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