Waste Management price target lowered to $202 from $204 at Citi

Citi analyst Bryan Burgmeier lowered the firm’s price target on Waste Management to $202 from $204 and keeps a Buy rating on the shares. The analyst sys the company’s strong cost performance was masked by commodity prices in Q2. However, Waste Management’s long-term sustainability story is still intact with the company positioned for a step-change in free cash flow generation by 2026, the analyst tells investors in a research note.