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Investing.com - Oppenheimer raised its price target on Waste Management (NYSE:WM) to $255.00 from $251.00 on Wednesday, while maintaining an Outperform rating on the waste disposal company’s stock.
The price target increase follows Waste Management’s 2025 Investor Day, where the company outlined its strategy to leverage technology and process excellence to drive profitable growth across both core and emerging business units.
Oppenheimer noted that Waste Management’s fiscal year 2027 financial targets, which exceeded consensus estimates, incorporate steady growth from the company’s fiscal year 2025 baseline, with sustainability investments expected to contribute more significantly in fiscal year 2026.
The research firm highlighted that WMHS growth and synergy capture would likely be more heavily weighted toward fiscal year 2027, alongside consistent construction and demolition growth featuring mid-single-digit top-line expansion and targeted margin improvement of 50-100 basis points.
Oppenheimer also mentioned potential upside to fiscal years 2025-2027 free cash flow consensus if tax law changes occur, while acknowledging ongoing debate points around WMHS top-line growth prospects and sustainability profitability, though it viewed the Investor Day information as "incrementally positive" on both fronts.
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