Goldman Sachs Upgrades Waste Management (WM) to Buy; Leverage to Housing, Valuation
Get Alerts WM Hot Sheet
Price: $213.15 -0.38%
Rating Summary:
13 Buy, 18 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
13 Buy, 18 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Goldman Sachs upgraded Waste Management (NYSE: WM) from Neutral to Buy with a price target of $42.00 (from $33.00).
The firm cites: (1) we believe the recovery in residential fixed investment (RFI) will drive municipal solid waste (MSW) volume and pricing higher through 2015, (2) consensus forecasts seem too low and do not reflect the inflection that we forecast for MSW volume and pricing, (3) valuation appears compelling on our 2014 estimates.
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 $32.63 yesterday.
The firm cites: (1) we believe the recovery in residential fixed investment (RFI) will drive municipal solid waste (MSW) volume and pricing higher through 2015, (2) consensus forecasts seem too low and do not reflect the inflection that we forecast for MSW volume and pricing, (3) valuation appears compelling on our 2014 estimates.
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 $32.63 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
- Hyundai Motor (005380:KS) (HYMTF) PT Raised to KRW290 at Citi
- Torrid Holdings Inc (CURV) PT Raised to $4.80 at Jefferies
Create E-mail Alert Related Categories
Analyst PT Change, Hot Upgrades, UpgradesRelated Entities
Goldman SachsSign 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!