Waste Management (WM) PT Raised to $230 at Baird

Baird analyst David Manthey raised the price target on Waste Management (NYSE: WM) to $230.00 (from $216.00) while maintaining a Neutral rating.

The analyst commented: "We are making very minor changes, generally consistent with RSG (raising commodity basket pricing assumption modestly, lowering diesel pricing, slightly raising D3 RIN price assumption). Estimates do not include the potential acquisition of SRCL. Raising price target to $230, based on new 2026 estimates and assuming 14x EV/2026E EBITDA."

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