Waste Management (WM), Republic Services (RSG) Higher on Possible REIT Status
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Price: $224.55 +0.15%
Rating Summary:
23 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
23 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Waste Management, Inc. (NYSE: WM) and Republic Services (NYSE: RSG) are higher early Monday following comments from Credit Suisse analyst Hamzah Mazari that the two are best suited in the industry for REIT conversion.
The firm said air rights qualify as real estate.
The firm raised its price target on WM from $36 to $38 and RSG from $34 to $38.
WM is up 4.8% early to $37.42. RSG is up 2.8% to $31.98.
The firm said air rights qualify as real estate.
The firm raised its price target on WM from $36 to $38 and RSG from $34 to $38.
WM is up 4.8% early to $37.42. RSG is up 2.8% to $31.98.
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