Waste Management (WM) Tops Q3 EPS by 3c

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Go back to Waste Management (WM) Tops Q3 EPS by 3c

Waste Management (WM) Expects to Exceed FY15 EPS Guidance Following 3Q Results; Imperial Capital Raises Price Target to $58

October 28, 2015 1:19 PM EDT

Imperial Capital reiterated an In-Line rating on Waste Management (NYSE: WM), and raised the price target to $58.00 (from $55.00), following the company's 3Q15 earnings results. WM reported adjusted EPS of $0.74, above the Street's $0.71, reflecting stronger-than-expected EBITDA, and a lower-than-expected tax rate of 32.1%. WM expects to exceed the upper end of its FY15... More