CIBC raised its price target for Waste Management (WM) to $242 from $231, reiterating a Neutral rating due to the company’s operational momentum. The increase follows discussions with management regarding volume, pricing, WM Healthcare, technology use, and free cash flow priorities. CEO James Fish highlighted a strong 2025 with record operating efficiency, double-digit operating cash flow growth, and significant free cash flow increase, driven by core business performance, Healthcare Solutions integration, and sustainability expansions.
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Waste Management (WM) Gets Higher CIBC Target as Operational Momentum Builds
CIBC raised its price target for Waste Management (WM) to $242 from $231, reiterating a Neutral rating due to the company’s operational momentum. The increase follows discussions with management regarding volume, pricing, WM Healthcare, technology use, and free cash flow priorities. CEO James Fish highlighted a strong 2025 with record operating efficiency, double-digit operating cash flow growth, and significant free cash flow increase, driven by core business performance, Healthcare Solutions integration, and sustainability expansions.