Waste Management (WM) PT Raised to $255 at Jefferies

Jefferies analyst Stephanie Moore raised the price target on Waste Management (NYSE: WM) to $255.00 (from $251.00) while maintaining a Buy rating.

The analyst commented: 'WM reported strong 3Q results beating cons estimates on revenue, EBITDA, and EPS. Mgmt. believes they'll now achieve the high-end of their revenue and EBITDA guidance in FY24 given improved volume, execution on cost programs, and M&A. Looking to 2025, we think the company should deliver another strong year, as they execute of their cost/productivity actions, M&A, and bring their sustainability investments online. Reit Buy."

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