Truist analyst Tobey Sommer initiated coverage of Waste Management with a Buy rating and $190 price target as part of a broader research note on Municipal Solid Waste Industry. The defensive, wide moat and well-managed leading players are an attractive area for portfolio managers to invest amid global uncertainty, the analyst tells investors in a research note. Truist adds that Waste Management is also its favorite name in the group as it offers prospects for highly compelling returns and multiple expansion driven by aggressive sustainability investments.
Published first on TheFly
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