UBS downgraded Waste Management to Neutral from Buy with a price target of $205, up from $190, following the Q4 report. The firm says the stock is now trading near its target 14-times 2025 enterprise value to EBITDA multiple. The analyst expects 2025 to see slowing year-over-year pricing growth driven by decelerating inflation. Given the recent share price performance and elevated valuation multiples, UBS is taking a more cautious view on near-term share price upside.
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Read More on WM:
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