Market Overview

UPDATE: Goldman Sachs Upgrades Waste Management to Buy, Reiterates $42 PT

Related WM
Valeant Investors: These 5 Companies Survived Major Accounting Scandals
Benzinga's Top Initiations

In a report published Wednesday, Goldman Sachs Group upgraded its rating on Waste Management (NYSE: WM) from Neutral to Buy, and reiterated its $42.00 price target.

Goldman Sachs noted, “We...upgrade WM to Buy from Neutral given the company's leverage our outlook for a recovery in MSW volume and pricing, beatable consensus expectations, and compelling valuations, especially on our 2014 estimates. We...29% upside to our 12-month $42 price target for WM. We note that we have a preference for RSG relative to WM given its better margin profile and better capital allocation track record.”

Waste Management closed on Tuesday at $32.57.

Latest Ratings for WM

Nov 2015Credit SuisseInitiates Coverage onOutperform
Nov 2015Argus ResearchMaintainsBuy
Oct 2015BarclaysInitiates Coverage onOverweight

View More Analyst Ratings for WM
View the Latest Analyst Ratings

Posted-In: Goldman Sachs GroupAnalyst Color Upgrades Analyst Ratings


Related Articles (WM)

Get Benzinga's Newsletters