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WM

Waste Management

$84.66

-0.68 (-0.80%)

18:02
12/14/17
12/14
18:02
12/14/17
18:02

Waste Management raises quarterly dividend 9.4%, authorizes $1.25B buyback

Waste Management announced that its board has approved a 9.4% increase in the planned quarterly dividend rate, to 46.5c per share from 42.5c per share. The company also received authorization from its board to repurchase $1.25B of the company's common stock. This new authorization is effective immediately.

WM Waste Management
$84.66

-0.68 (-0.80%)

12/11/17
12/11/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. U.S. Steel (X) upgraded to Hold from Sell at Axiom with analyst Gordon Johnson saying he believes protectionism from the Trump administration and positive seasonality could create a "more optimistic tone" in the near-term. 2. Waste Management (WM) upgraded to Buy from Hold at Stifel with analyst Michael Hoffman saying he believes the company can embrace technology to improve customer experience, lower turnover, support better pricing, and improve productivity. 3. Air Products (APD) upgraded to Buy from Hold at Jefferies with analyst Laurence Alexander saying he believes the industrial gases are positioned for a "classic late-cycle trade" amid improving industrial demand and a turn in the capex cycle. 4. DaVita (DVA) upgraded to Buy from Neutral at Citi with analyst Patrick Wood saying the sale of the company's DMG unit has resulted in an "unusual situation" where almost 40% of DaVita's current market capitalization is cash. 5. First Solar (FSLR) upgraded to Outperform from Neutral at Baird with analyst Ben Kallo citing its strong pipeline and balance sheet and continued cost and efficiency improvements. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/11/17
12/11/17
UPGRADE
Target $95

Buy
Waste Management upgraded to Buy, added to Select List at Stifel
As previously reported, Stifel analyst Michael Hoffman upgraded Waste Management to Buy from Hold, saying he believes the company can embrace technology to improve customer experience, lower turnover, support better pricing, and improve productivity. Hoffman, who also added the stock to the Stifel Analyst Select List and raised his price target on the shares to $95 from $80, also cited the company's organic growth, better free cash flow outlook and benefits from tax reform.
12/11/17
STFL
12/11/17
UPGRADE
STFL
Buy
Waste Management upgraded to Buy from Hold at Stifel
10/30/17
FBCO
10/30/17
NO CHANGE
Target $90
FBCO
Outperform
Waste Management price target raised to $90 from $85 at Credit Suisse
Credit Suisse analyst Andrew Buscaglia raised his price target for Waste Management to $90 from $85 following a "strong beat" on all fronts, particularly free cash flow. The analyst reiterates an Outperform rating on the shares.

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