Credit Suisse Starts Waste Management (WM) at Outperform

Credit Suisse initiates coverage on Waste Management (NYSE: WM) with a Outperform rating and a price target of $61.00.

Analyst A. Buscaglia commented, "WM is the biggest player in the waste sector with ~23% share and can use size to its advantage in what we view is a pending uptick in the cycle. We believe that the market is still not giving enough credit to the co.'s best-in-class returns and ability to churn out an impressive base-line FCF of ~$1.4B/ year (higher vs. historically $1.2-1.3B). WM is looking to be very acquisitive near term adding to an already strong FCF story."

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 $54.43 yesterday.

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