Citi analyst Bryan Burgmeier raised the firm’s price target on Waste Management to $186 from $180 and keeps a Buy rating. The firm’s 2023 outlook is largely unchanged following Waste Management’s Q1 results and reiterated full year guide. Shares dipped slightly with some concern around price/cost, Citi says in a research note on Friday. The firm remains confident in 2023 guidance, including guidance for +40-80bps of year-over-year margin improvement as some Q1 headwinds were one-time and others were transitory.
Published first on TheFly
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