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Deutsche Bank Initiates Coverage On Waste Management; Is There Cash In Trash?

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Deutsche Bank analyst Amit Mehrotra wrote, "There's cash in trash... but not enough growth" in his note initiating coverage of Waste Management (NYSE: WM).

Mehrotra has rated the company as a Hold and announced a price target of $47.

Despite a "solid management team, strong market position and impressive scale," Mehrotra views the current levels of Waste Management's shares as a fair representation of the company's value.

Mehrotra said he could become more bullish if:

  1. Waste Management saw a recovery in its recycling business.
  2. There was "more stringent" cost control.
  3. More aggressive share repurchases.
  4. Industry consolidation through a "tie-up" with another major player.

Shares of Waste Management are up slightly following the initiation and were trading at $44.45 at last check.

Latest Ratings for WM

DateFirmActionFromTo
Dec 2015JP MorganInitiates Coverage onNeutral
Nov 2015Credit SuisseInitiates Coverage onOutperform
Nov 2015Argus ResearchMaintainsBuy

View More Analyst Ratings for WM
View the Latest Analyst Ratings

Posted-In: Amit Mehrotra Deutsche BankAnalyst Color News Price Target Initiation Analyst Ratings

 

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