TD Cowen analyst James Schumm has maintained their bullish stance on WM stock, giving a Buy rating today.
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James Schumm has given his Buy rating due to a combination of factors that highlight Waste Management’s potential for growth and improvement. Despite a challenging first quarter, the company is expected to enhance its operations at Stericycle, aiming for significant synergies that could surpass the $250 million target. The reaffirmation of 2025 guidance, despite initial revenue and cash flow shortfalls, suggests a strong underlying business strategy.
Moreover, the integration of Stericycle is progressing, with the potential for improved margins and operational efficiencies anticipated in the coming quarters. The company’s confidence in its special waste pipeline and the ongoing benefits from California wildfire volumes further bolster its outlook. These factors, combined with the expected updates on cross-selling opportunities and sustainability projects, contribute to Schumm’s optimistic view of Waste Management’s future performance.
In another report released today, Raymond James also maintained a Buy rating on the stock with a $255.00 price target.