BofA analyst Michael Feniger raised the firm’s price target on WM (WM) to $244 from $240 and keeps a Neutral rating on the shares. The firm believes a higher multiple is warranted given a re-rating of waste peers, the analyst told investors in a note issued ahead of the company’s earnings call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WM:
- Waste Management’s Strong Performance and Growth Potential Justifies Buy Rating Despite Revenue Miss
- WM reports Q1 adjusted EPS $1.67, consensus $1.59
- Waste Management options imply 3.2% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, April 28, 2025
- Is WM a Buy, Before Earnings?