美国废物管理股价上涨，受政策环境与机构看好影响

Industry Policy and Environment - The U.S. Environmental Protection Agency (EPA) is moving to formally revoke the greenhouse gas hazard finding made in 2009, which could significantly relax environmental regulations on the fossil fuel industry, interpreted by the market as a potential reduction in compliance costs for waste management and related industries, thus benefiting the sector [2] - 2026 marks the year when the European Union's carbon tariff will be officially implemented, increasing attention on the circular economy supply chain, with leading waste management companies that have mature operational systems being favored by the market [2] Institutional Views - Several Wall Street institutions have given positive ratings for U.S. Waste Management, with JPMorgan maintaining a "Buy" rating and a target price of $265, while Wells Fargo raised its target price to $250 [3] - Despite a slight adjustment by Jefferies to a target price of $250, the highest target price set by analysts reaches $270, indicating strong recognition of the company's value [3] Company Fundamentals - Forecasts suggest that the company's earnings per share for Q4 2025 are expected to grow by 13.53% year-on-year, with net profit anticipated to increase by 13.37%, reflecting robust profit growth expectations [4] - The company's dividend yield remains at 1.42% [4] Recent Stock Performance - On February 11, 2026, the U.S. stock market indices, including the Dow Jones and Nasdaq, recorded gains, indicating an increase in market risk appetite [5] - The waste management sector overall rose by 0.21%, with positive sentiment in the sector supporting the company's stock price [5]