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WM

Waste Management

$91.86

-0.48 (-0.52%)

04:38
01/10/19
01/10
04:38
01/10/19
04:38

Waste Management upgraded to Buy from Neutral at UBS

WM Waste Management
$91.86

-0.48 (-0.52%)

10/08/18
BMOC
10/08/18
NO CHANGE
Target $98
BMOC
Outperform
Waste Management, Clean Harbors price targets raised at BMO Capital
BMO Capital analyst Jeffrey Silber raised his price target on Overweight-rated Waste Management (WM) to $98 from $93 and on Clean Harbors (CLH) to $78 from $71 as part of his broader sector research note previewing their Q3 results titled "Great Time to be a Waste Company". The analyst notes that the solid waste sector is very well positioned in the current environment of positive housing starts trends and increasing inflation, benefiting companies like Waste Management and Waste Connections (WCN). Silber adds that Clean Harbors stands to benefit from the accelerated U.S. industrial activity, stating that it is also his preferred choice from additional growth opportunities such as oil recycling and lower valuation.
12/04/18
GSCO
12/04/18
UPGRADE
Target $107
GSCO
Buy
Waste Management upgraded to Buy from Sell at Goldman Sachs
Goldman Sachs analyst Brian Maguire double upgraded Waste Management to Buy from Sell and raised his price target for the shares to $107 from $84. The analyst also raised his Waste sector view to Attractive.
12/04/18
GSCO
12/04/18
UPGRADE
Target $107
GSCO
Buy
Goldman says now the time to own Waste stocks, double upgrades Waste Management
Goldman Sachs analyst Brian Maguire double upgraded Waste Management (WM) to Buy from Sell and raised his price target for the shares to $107 from $84. The analyst also raised his Waste sector view to Attractive from Neutral. Given the age of the current business cycle and expectations for slowing economic growth, now is the right time to own Waste stocks, Maguire tells investors in a research note. The Waste sector not only compounds earnings growth at a higher rate than the overall market, but it does so with much less volatility and drawdowns in its earnings, adds the analyst. He believes the Waste sector that should be a core holding in every portfolio, especially "so late in the economic cycle." The analyst likes shares of Waste Management saying it has the lowest price-to-earnings multiple in the sector and is currently trading at an 11% discount to its primary peer Republic Services Group (RSG). Maguire also reiterates a Buy rating on Waste Connections (WCN) with 21% upside to his new $94 price target. He reiterates a Neutral rating on Republic Services with only 4% upside to his new $79 price target.
12/04/18
12/04/18
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. Waste Management (WM) double upgraded to Buy from Sell at Goldman Sachs with analyst Brian Maguire saying given the age of the current business cycle and expectations for slowing economic growth, now is the right time to own Waste stocks. 2. RMR Group (RMR) upgraded to Buy from Neutral at B. Riley FBR with analyst Bryan Maher citing valuation. 3. Keurig Dr Pepper (KDP) upgraded to Outperform from Neutral at Macquarie. 4. First Solar (FSLR) upgraded to Buy from Hold at Argus with analyst David Coleman citing the company's position in the solar industry with "positive cash flow, solid balance sheet, and focus on cadmium telluride technology, which should provide a cost advantage relative to more commoditized technologies." 5. Sherwin-Williams (SHW) upgraded to Buy from Hold at Deutsche Bank with analyst Nishu Sood saying he believes the paths for housing construction and remodeling "could diverge," which leaves him preferring remodeling focused names versus new construction exposed names. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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RVNC

Revance

$18.11

-2.11 (-10.44%)

21:05
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01/16
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  • 17

    Jan

MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

20:49
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  • 17

    Jan

BREW

Craft Brew

$15.50

0.19 (1.24%)

20:45
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Initiation
Craft Brew initiated at Maxim »

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ROX

Castle Brands

$0.91

0.0122 (1.36%)

20:41
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20:41
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20:41
Initiation
Castle Brands initiated at Maxim »

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PRT

PermRock Royalty Trust

$9.61

-0.39 (-3.90%)

20:39
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Downgrade
PermRock Royalty Trust rating change at Stifel »

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GBCI

Glacier Bancorp

$42.87

1.36 (3.28%)

20:38
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01/16
20:38
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20:38
Hot Stocks
Glacier Bancorp acquires FNB Bancorp »

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  • 25

    Feb

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    Feb

  • 27

    Feb

  • 12

    Mar

ERJ

Embraer

$22.81

-0.59 (-2.52%)

20:34
01/16/19
01/16
20:34
01/16/19
20:34
Downgrade
Embraer rating change at Morgan Stanley »

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AICAF

Air China

$0.00

(0.00%)

20:32
01/16/19
01/16
20:32
01/16/19
20:32
Upgrade
Air China rating change at HSBC »

Air China upgraded to Buy…

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CEA

China Eastern Airlines

$28.64

-0.09 (-0.31%)

20:26
01/16/19
01/16
20:26
01/16/19
20:26
Upgrade
China Eastern Airlines rating change at HSBC »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

, BBT

BB&T

$47.55

1.2 (2.59%)

20:25
01/16/19
01/16
20:25
01/16/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

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MS

Morgan Stanley

$44.48

1.59 (3.71%)

BBT

BB&T

$47.55

1.2 (2.59%)

PPG

PPG

$102.58

1.58 (1.56%)

MTB

M&T Bank

$154.45

3.04 (2.01%)

KEY

KeyCorp

$16.75

0.44 (2.70%)

FAST

Fastenal

$54.11

-0.47 (-0.86%)

03/08/13
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  • 17

    Jan

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    Jan

  • 17

    Jan

  • 17

    Jan

  • 17

    Jan

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    Jan

  • 11

    Feb

  • 23

    May

  • 18

    Oct

FDC

First Data

$21.27

3.72 (21.20%)

20:07
01/16/19
01/16
20:07
01/16/19
20:07
Downgrade
First Data rating change at Goldman Sachs »

First Data downgraded to…

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  • 03

    Mar

VEON

Veon

$2.56

-0.03 (-1.16%)

19:44
01/16/19
01/16
19:44
01/16/19
19:44
Downgrade
Veon rating change at VTB Capital »

Veon downgraded to Hold…

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AMZN

Amazon.com

$1,682.84

7.84 (0.47%)

19:22
01/16/19
01/16
19:22
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19:22
Hot Stocks
Amazon announces AWS Backup service »

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  • 16

    Jan

  • 28

    Jan

  • 20

    Feb

  • 03

    Mar

GS

Goldman Sachs

$197.03

17.12 (9.52%)

19:09
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Periodicals
WSJ's "Heard on the Street" column says to look past Goldman Sachs Q4 glitter »

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  • 03

    Mar

TSLA

Tesla

$346.03

1.78 (0.52%)

18:57
01/16/19
01/16
18:57
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Periodicals
CA makes up large portion of Tesla Model 3 registrations in 2018, Bloomberg says »

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  • 16

    Jan

CARS

Cars.com

$23.14

-0.26 (-1.11%)

, MNKD

MannKind

$1.32

-0.06 (-4.35%)

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Hot Stocks
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CARS

Cars.com

$23.14

-0.26 (-1.11%)

MNKD

MannKind

$1.32

-0.06 (-4.35%)

FOLD

Amicus

$12.18

0.19 (1.58%)

FUL

H.B. Fuller

$43.35

0.09 (0.21%)

PLXS

Plexus

$54.88

1.195 (2.23%)

CSX

CSX

$65.36

0.27 (0.41%)

KMI

Kinder Morgan

$17.46

0.15 (0.87%)

AA

Alcoa

$29.02

0.13 (0.45%)

ACB

Aurora Cannabis

$7.33

0.35 (5.01%)

MRTX

Mirati Therapeutics

$62.51

-2.33 (-3.59%)

AAPL

Apple

$154.88

1.84 (1.20%)

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  • 16

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  • 10

    Feb

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    Feb

  • 28

    May

  • 17

    Jan

BAC

Bank of America

$28.44

1.89 (7.12%)

18:46
01/16/19
01/16
18:46
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18:46
Periodicals
BofA's global investment banking head to leave bank, FT reports »

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  • 16

    Jan

  • 12

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  • 03

    Mar

NEWR

New Relic

$90.47

1.38 (1.55%)

18:44
01/16/19
01/16
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Hot Stocks
New Relic CEO: 'We are an app-centric company' »

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  • 23

    Jan

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  • 06

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  • 14

    Mar

TME

Tencent Music

$12.99

0.57 (4.59%)

18:33
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01/16
18:33
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Initiation
Tencent Music initiated at JPMorgan »

Tencent Music initiated…

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ASCMA

Ascent Capital

$0.40

-0.0499 (-11.09%)

18:27
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01/16
18:27
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18:27
Hot Stocks
Ascent Capital announces strategic review »

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CMS

CMS Energy

$50.56

0.34 (0.68%)

18:19
01/16/19
01/16
18:19
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18:19
Initiation
CMS Energy initiated at Goldman Sachs »

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  • 10

    Feb

DTE

DTE Energy

$111.73

0.48 (0.43%)

18:15
01/16/19
01/16
18:15
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Initiation
DTE Energy initiated at Goldman Sachs »

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