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Fly News Breaks for April 23, 2018
WM
Apr 23, 2018 | 09:00 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on Waste Management to $90 after the company's Q1 revenue miss. Silber notes that while recycling "continues to see pressure related to pricing, contamination issues, and China import standards", he is positive on the core business trends of strong margins, volume, and pricing across the collection/disposal business, especially in the industrial, commercial, and landfill businesses. The analyst keeps his Outperform rating on Waste Management.
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