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Wells Fargo Initiates Coverage on Waste Management (WM) with Overweight Rating
Yahoo Finance· 2025-11-24 23:07
Core Insights - Waste Management, Inc. (NYSE:WM) is recognized as one of the 15 Best Long Term Stocks to Buy according to Reddit [1] - Wells Fargo initiated coverage on Waste Management with an Overweight rating and a price target of $238, projecting approximately 20% growth in unit profitability and about 40% improvement in free cash conversion over the next two years [2] - In Q3, Waste Management reported $6.4 billion in revenue, a 15% increase year-over-year, although operating income decreased by 12% to $989 million due to noncash expenses [3] Business Strategy - The company is advancing its landfill gas-to-energy strategy, which captures methane from landfills and converts it into renewable natural gas, providing a carbon-neutral alternative to fossil fuels [4] - Acquisitions are a key growth driver, with Waste Management spending $7.2 billion to acquire Stericycle, enhancing its position in the healthcare waste sector and enabling operational efficiencies [5] - Waste Management's core operations encompass the entire waste management process, including collection, transportation, recycling, landfilling, and treatment [6]
Conagua Recognizes Rotoplas as a Water-Responsible Company
Prnewswire· 2025-10-07 22:00
Core Insights - Grupo Rotoplas has been recognized as the first Water-Responsible Company in Mexico by the National Water Commission (Conagua) [1][2] - This recognition is part of the National Agreement on the Human Right to Water and Sustainability, which aims to enhance water efficiency and promote sustainable management solutions [2][3] - The company emphasizes its commitment to innovation, environmental responsibility, and creating shared value in the context of sustainable water security [3] Company Overview - Grupo Rotoplas is a leading provider of water solutions in the Americas, offering products and services for water storage, piping, treatment, and recycling [4] - The company has over 45 years of industry experience, operates 18 plants across 14 countries, and has a diverse portfolio with 27 product lines and an e-commerce platform [4] - Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 10, 2014 [4]