WM price target raised to $270 from $245 at Argus

Argus analyst John Eade raised the firm’s price target on WM (WM) to $270 from $245 and keeps a Buy rating on the shares after its Q1 earnings beat last week. The company has been investing in new technology to capture more lucrative business from recycled materials, Its balance sheet is clean, and the firm is positive on the management’s focus on shareholder returns, the analyst tells investors in a research note.