Citi analyst Bryan Burgmeier raised the firm’s price target on Waste Management to $204 from $186 and keeps a Buy rating on the shares. The company is positioned for a “potential step-change” in free cash flow generation by 2026 once ongoing renewable natural gas and recycling investments are ramped, the analyst tells investors in a research note. The firm says Waste Management’s renewable energy isn’t priced into the shares.
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