TD Cowen analyst James Schumm raised the firm’s price target on WM (WM) to $270 from $265 and keeps a Buy rating on the shares. The firm said its core solid waste business is strong and FCF is inflecting higher due to prior sustainability investments bearing fruit but the Stericycle (WMH) businesses continue to struggle as roughly 17% EBITDA margins weigh down the corporate average.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WM:
- Waste Management: Near-Term Upside Tempered by Slower Growth Ramp and Normalizing Margins, Justifying Hold Rating
- WM price target raised to $252 from $236 at Stifel
- WM price target raised to $264 from $263 at Oppenheimer
- WM price target raised to $248 from $245 at Baird
- WM price target raised to $235 from $223 at RBC Capital