WM price target raised to $256 from $255 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on WM (WM) to $256 from $255 and keeps an Outperform rating on the shares. This quarter should largely play out with “limited fireworks” with a “meet and hold” type set up regarding Q2 and full year EBITDA, the analyst tells investors in a research note. Most in the firm’s waste coverage should hold their guides at an EBITDA level, but given the passage of the One Big Beautiful Bill and the impending impact from higher bonus depreciation, free cash flow guidance is likely to move higher.