BMO Capital lowered the firm’s price target on Waste Management to $166 from $167 and keeps a Market Perform rating on the shares after its Q2 earnings miss. The company’s pricing remains solid, which should support above-average margin expansion in the coming quarters and the sustainability-related investments offer earnings growth potential over the intermediate-term, but the current valuation captures these opportunities, the analyst tells investors in a research note.
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Read More on WM:
- Waste Management price target lowered to $202 from $204 at Citi
- Waste Management sees FY23 revenue growth 3.25%-4.25%, consensus $20.66B
- Waste Management reports Q2 adjusted EPS $1.51, consensus $1.54
- Waste Management options imply 2.7% move in share price post-earnings
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