Market Overview

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

Share:

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
Aug 2019Initiates Coverage OnNeutral
Jul 2019DowngradesOutperformPerform
Jul 2019MaintainsBuy

View More Analyst Ratings for WM
View the Latest Analyst Ratings

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

 

Related Articles (WM)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
XELMaintains60.0
SOMaintains54.0
SREMaintains141.0
EXCMaintains56.0
ESMaintains77.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Mid-Day Market Update: Idenix Pharma Surges On Merck Buyout; Pilgrim's Pride Shares Slide

Senomyx Shares Down Despite Lake Street Initiation