BofA raised the firm’s price target on WM (WM) to $251 from $244 and keeps a Neutral rating on the shares after the company reported a better-than-expected Q2 and narrowed its FY25 EBITDA outlook. While the midpoint is unchanged and the new guidance implies “no big upgrades” to consensus, this is better than expected, the analyst noted.
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- WM price target raised to $260 from $250 at Truist
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- Strong Financial Performance and Strategic Positioning Drive Buy Rating for Waste Management
- WM reports Q2 EPS $1.92, consensus $1.89
- WM now sees FY25 revenue $25.275B-$25.475B, consensus $25.51B