Stifel maintains Buy on Waste Management (NYSE: WM) price target of $100.00.

Analyst Mike Hoffman remains positive on the company following meetings with investors and management. The analyst comments "There is NO interest in Stericycle above $45/share, no international expansion outside of North America and margins should improve 350bp to 400bp over five years from price, volume and the use of technology to drive additional optimization in collection, disposal and recycling. WM is a top pick because we believe there is more FCF leverage than is built in guidance and market expectations. What we heard and learned in our meetings supports our viewpoint."

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Shares of Waste Management closed at $83.32 yesterday.