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Fly News Breaks for October 13, 2016
WM
Oct 13, 2016 | 06:52 EDT
Wedbush analyst Al Kaschalk downgraded Waste Management to Neutral citing valuation and likely peaking volume growth. The stock is trading at a 17% premium to the S&P 500 P/E multiple, Kaschalk tells investors in a research note. He keeps a $68 price target for the shares.
News For WM From the Last 2 Days
WM
Apr 26, 2024 | 09:47 EDT
Raymond James raised the firm's price target on WM to $229 from $219 and keeps an Outperform rating on the shares. WM's idiosyncratic multiyear capital deployment campaign towards sustainable projects continues to add an interesting wrinkle to the story in out years, the analyst tells investors in a research note. Its M&A capital deployment strategy should prove accretive and dynamic in time, and Raymond James views WM as a potential beneficiary of new PFAS regulations as they could capture a portion of remediation work in coming years.
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