WM price target raised to $220 from $211 at Scotiabank

Scotiabank raised the firm’s price target on WM to $220 from $211 and keeps a Sector Perform rating on the shares. The company reported a quarterly beat and raised its FY24 guidance, the analyst tells investors. While WM cannot use marketing and acquisitions to its advantage like its peers, the company is increasingly able to leverage its technology and scale to create cost advantages, the firm says.