Deutsche Bank analyst Kyle White lowered the firm’s price target on Waste Management to $151 from $157 given lowered cash flow estimates, while keeping a Hold rating on the shares. The firm notes Waste Management reported a Q4 result that was a touch below expectations. Volumes and average yield were below target, but this was partially offset by lower operating expenses that drove margin expansion above Deutsche’s estimates.
Published first on TheFly
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- Waste Management price target lowered to $158 from $167 at BMO Capital
- Waste Management price target lowered to $180 from $183 at Citi
- Waste Management sees FY23 revenue growth of 4.0% to 5.5%
- Waste Management reports Q4 EPS $1.30 , consensus $1.41
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