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Fly News Breaks for October 18, 2019
ADSW, WCN, WM
Oct 18, 2019 | 06:57 EDT
KeyBanc analyst Sean downgraded Waste Management (WM) to Sector Weight from Overweight. In a research note to investors, Eastman says he expects Waste Management to report an in-line Q3, and sees 2019 guidance remaining intact. Waste Management has outperformed the group year-to-date in part due to the pending acquisition of Advanced Disposal Services (ADSW), but says he is moving to Sector Weight as he looks for greater visibility on the next catalyst. Eastman also upgraded Waste Connections (WCN) to Overweight from Sector Weight with a $106 price target.
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