WM price target raised to $229 from $219 at Raymond James

Raymond James raised the firm’s price target on WM to $229 from $219 and keeps an Outperform rating on the shares. WM’s idiosyncratic multiyear capital deployment campaign towards sustainable projects continues to add an interesting wrinkle to the story in out years, the analyst tells investors in a research note. Its M&A capital deployment strategy should prove accretive and dynamic in time, and Raymond James views WM as a potential beneficiary of new PFAS regulations as they could capture a portion of remediation work in coming years.