Oppenheimer raises Waste Management PT on strong 2027 growth outlook

Waste Management

25/06/2025 12:30

** Oppenheimer raises environment solutions provider Waste Management's WM.N price target to $255 from $251, an upside of 9% to stock's last close

** Rating unchanged at 'outperform'

** Says co demonstrated strong leadership in leveraging technology and operational efficiency to drive profitable growth across its core and emerging business segments

** Brokerage expects 2027 EPS of $10.39; says strong free cash flow and sustainability will likely drive earnings growth

** Brokerage, however, cuts 2025 EPS forecast to $7.78 from $7.79, and raises 2026 EPS estimate to $8.95 from $8.84

     ** WM expects $250 mln in cost savings by 2027 and a $2.5 bln cross-selling opportunity - Oppenheimer

      ** 14 of 25 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $250 - data compiled by LSEG

** As of last close, stock had risen 16% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))