Argus raised the firm’s price target on Waste Management to $188 from $180 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 earnings beat and the management’s signaled confidence in its outlook through a recent 8% dividend hike. Waste Management has been investing in new technology to capture more lucrative business from recycled materials, and its balance sheet is clean, the firm tells investors in a research note.
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