Argus Research analyst John Eade initiates coverage on $Waste Management (WM.US)$ with a buy rating, and sets the target price at $240.
According to TipRanks data, the analyst has a success rate of 68.7% and a total average return of 14.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Waste Management (WM.US)$'s main analysts recently are as follows:
Following a solid third-quarter report, expectations for the fourth quarter appear very achievable, and the outlook for 2025 is becoming significantly more interesting.
The company is poised to achieve significant growth in 2025, bolstered by enhanced gains from its investments in sustainability, strategic mergers and acquisitions, and improvements in its core solid waste segment, though it is believed that this positive outlook is already factored into the present market valuation.
The firm observes that shares experienced an uptick following WM's surpassing of third-quarter top and bottom-line consensus and the elevation of its fiscal year 2024 free cash flow guidance to a midpoint that exceeds expectations. WM's commitment to technology-driven productivity investments continues to enhance favorable industry-level price cost dynamics, paving the way for potential core margin expansion into fiscal year 2025.
Note:
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