Citi Maintains 'Buy' on Waste Management (WMI), Adds Stock to Top Picks Live List
More News related to WMI
- Notable Analyst Rating Changes 1/9: BDX, SGR, CVX, RTN Upgraded; LTD, SYK, ALU, PTR Downgraded
- Wunderlich Securities Initiates Coverage on Waste Management (WMI) with a Buy
- Wasatch Completes Acquisition of 1st Source Funds
- Waste Management (WMI) Approves '09 Capital Allocation Program; Plans to Raise Qtr. Dividend by 7.4% to $0.29/Share
- Company Announces 2009 Capital Allocation Program - Waste Management Announces Plan to Increase Quarterly Dividend Payments by 7.4%
More News related to Analyst Comments
- Deutsche Bank Downgrades and Lowers Estimates On Global Metals and Mining Companies (RIO, AAUK)
- Soleil Securities Maintains a Buy on Airgas (ARG), Lowers Estimates and Price Target
- Buckingham Research Maintains a 'Neutral' Rating on Wal-Mart (WMT), See Upside/Downside Fairly Balanced
- Wedbush Morgan Maintains a 'Hold' on Majesco Holdings (COOL), Impressed With Progress But Investors Remain Skeptical
- Wedbush Morgan Maintains a 'Hold' on Family Dollar Stores (FDO), Raises Price Target and Estimates
Citi maintains 'Buy' rating on Waste Management Inc (NYSE: WMI), adds stock to Top Picks Live list.
Citi analyst says, "Despite a material upside surprise in 2Q results, the stock is down over 10% off its recent high, due to investor fears that Waste Management will overpay for Republic Services. While it is not yet “game over”, we are increasingly convinced that Waste Management will remain price disciplined, such that if the company does ultimately prevail with Republic, or ends up walking away, it’s a win/win situation, and the stock responds positively...Bottom Line —WMI’s risk/reward is compelling; the best in the industry currently, though we remain positive on all the names. We believe the strong cash flow and purely domestic nature of the company are also pluses."
Waste Management, Inc. (WMI) is a provider of integrated waste services in North America.
Related Categories
Analyst CommentsStocks Mentioned
-0.45Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
