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Stifel Initiates Coverage on Waste Management, Inc. (WM) with Buy Rating and $252 PT
Yahoo Finance· 2025-10-08 14:04
Group 1 - Waste Management, Inc. (NYSE:WM) has garnered significant hedge fund interest and is trending on Reddit, earning a place on the list of the 10 Best Non-Tech Stocks to Buy According to Reddit [1] - Stifel initiated coverage on Waste Management, Inc. with a Buy rating and a price target of $252, anticipating strong free cash flow growth in 2026 and 2027 driven by recycling and renewable gas projects, lower capital intensity, and cost synergies from the Stericycle acquisition [2] - The company's business strategy focuses on delivering steady shareholder returns through share repurchases and increases in per-share metrics, with Stifel predicting free cash flow to compound at an upper 5% annual rate beyond 2027 [3] Group 2 - Waste Management, Inc. provides a diverse range of environmental services, including WM Renewable Energy, WM Healthcare Solutions, Recycling Processing and Sales, as well as Collection and Disposal, positioning it as one of the Best Non-Tech Stocks [4]