Waste Management price target raised to $196 from $184 at BMO Capital

BMO Capital raised the firm’s price target on Waste Management to $196 from $184 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company is executing well, its pricing is robust, and there is good margin improvement momentum heading into 2024, but the optimism is increasingly reflected in the current valuation, the analyst tells investors in a research note.