Waste Management price target lowered to $179 from $185 at Raymond James

Raymond James analyst Patrick Tyler Brown lowered the firm’s price target on Waste Management to $179 from $185 and keeps an Outperform rating on the shares. Waste Management continues to post solid pricing, employs a new multiyear capital deployment campaign toward green and sustainable projects, and Raymond James appreciates the “late cycle nature,” as well as positive fundamentals, and the longer-term accretion from “Green Capex” projects that set the stage for an acceleration in trends in the mid-part of the decade, the analyst tells investors in a research note.