WM price target raised to $235 from $227 at Morgan Stanley

Morgan Stanley raised the firm’s price target on WM (WM) to $235 from $227 and keeps an Equal Weight rating on the shares. Q4 results were largely in line on most metrics, with “a strong beat” on free cash flow, while FY25 guidance for 16.4% revenue growth and 15.0% EBITDA growth were largely in line with consensus, though the outlook was 3% lower than consensus on free cash flow, the analyst tells investors.