UPDATE: Goldman Sachs Starts Waste Management (WM) at Buy

April 7, 2021 4:41 AM EDT
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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 - April 7, 2021 4:50 AM EDT)

Goldman Sachs analyst Jerry Revich initiates coverage on Waste Management (NYSE: WM) with a Buy rating and a price target of $145.00.

The analyst comments "We are positive on WM’s industry-leading unit economics and productivity improvement over the past five years, highlighted by the highest EBITDA per employee in our coverage. We are also positive on WM’s local competitive positioning, as the company holds 47% market share within a 50-mile radius of its landfills and transfer stations on a weighted average basis - the highest in our coverage - supporting the company’s +10% pricing premium on a spot basis relative to its footprint. For capital deployment, we expect a rising focus on stock buybacks following the company’s recent Advanced Disposal Services acquisition. We see 4% upside to FactSet consensus 2021E EPS 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 $131.60 yesterday.


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