Raymond James has raised its price target for Waste Management, Inc. (WM, Financial) from $237 to $258, maintaining an Outperform rating on the stock. This adjustment comes in anticipation of the company's first-quarter performance report within the waste and industrial services sector.
The analysis suggests that the upcoming quarterly financial results are expected to align closely with previously provided guidance, as set six weeks earlier. According to the firm, core trends are developing as anticipated, with year-over-year core pricing witnessing a mid-single-digit increase, while overall volume has experienced a slight decline.
