Stifel Upgrades Waste Management (WM) to Buy, Added to 'Select List'

Stifel upgraded Waste Management (NYSE: WM) from Hold to Buy with a price target of $95.00 (from $80.00).

ANalyst Mike Hoffman sees baseline FCF improving and believes upside could be driven by US Tax Reform. The analyst comments "In our view, the current success of "procure-to-pay" leads to a permanent and improving change in days payable which puts the baseline FCF at $1.7B to $1.75B for FY18 with further upside potential."

For an analyst ratings summary and ratings history on Waste Management click here. For more ratings news on Waste Management click here.

Shares of Waste Management closed at $84.57 Friday.

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