WM price target raised to $258 from $237 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on WM (WM) to $258 from $237 and keeps an Outperform rating on the shares as part of a Q1 preview for the waste and industrial services space. The quarter is likely to prove “relatively uneventful” on the Q1 prints, with the group likely meeting expectations after establishing guidance only six weeks ago, the analyst tells investors in a research note. The firm believes core trends are tracking in line with expectations with core pricing up in the mid-single-digit range year-over-year and volume down slightly across the space.