UPDATE: Baird Downgrades Waste Management (WM) to Neutral

February 16, 2021 4:43 AM EST
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Price: $152.75 +0.01%

Rating Summary:
    11 Buy, 12 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 46
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(Updated - February 16, 2021 8:13 AM EST)

Baird analyst David Manthey downgraded Waste Management (NYSE: WM) from Outperform to Neutral with a price target of $122.00.

The analyst comments "The stocks have made no progress over the past year against a broader market that has rallied more than 15% as investors have favored pro-cyclical reopening plays over more steady, quality growth names. Valuations have contracted, but remain near absolute historical highs. Given the current setup, we advocate an equal-weight position in municipal solid waste (MSW) stocks in the current environment."

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 $113.25 yesterday.

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