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WM price target raised to $250 from $246 at Wells Fargo

Wells Fargo raised the firm’s price target on WM (WM) to $250 from $246 and keeps an Overweight rating on the shares. The firm says Q4 results revealed meaningful upside to initial margin guide, improving unit profitability with pricing well ahead of inflation, on-time growth project starts, and free cash flow inflection.

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