WM price target raised to $245 from $240 at Argus

Argus analyst John Eade raised the firm’s price target on WM (WM) to $245 from $240 and keeps a Buy rating on the shares. Shares are up 10% over the past six months and the company has signaled confidence in its outlook with a recent 7% dividend increase, the analyst tells investors in a research note. Argus thinks this well-run company deserves to trade at premium multiples based on its solid balance sheet, focus on growth through acquisitions, industry-leading recycling technology, and history of generating sector-beating returns.