Fly News Breaks for June 3, 2019
Jun 3, 2019 | 07:08 EDT
KeyBanc analyst Sean Eastman raised his price target for Waste Management to $120 from $112 post the 2019 Investor Day on greater confidence that the company's new leadership team is deploying a focused and disciplined growth strategy and that budding technology initiatives are likely to build on the solid operational improvement delivered in recent years. While incremental detail on the ADSW transaction was limited, the analyst has rolled out a combined 2020 estimate that suggests Waste Management continues to look attractive relative to peers. He reiterates an Overweight rating on the shares.
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