Waste Management price target raised to $207 from $180 at CIBC

CIBC raised the firm’s price target on Waste Management to $207 from $180 and keeps an Outperformer rating on the shares. The company reported better than expected Q4 results with its outlook for 2024 reflecting continued positive momentum, especially on the margin front, the analyst tells investors in a research note. The firm believes Waste Management has multiple levers to drive outsized margin performance over the next few years.