Waste Management price target raised to $167 from $158 at BMO Capital

BMO Capital raised the firm’s price target on Waste Management to $167 from $158 but keeps a Market Perform rating on the shares. The company’s medium term guidance in its Sustainability Investor Day presentation r reinforced the benefits from its green investment plans and confirmed its position as a sustainability leader, but much of this optimism was already reflected in investor expectations, the analyst tells investors in a research note. BMO adds that the risk-reward for the Waste Management stock is balanced at current levels.