Stifel Maintains Buy on Waste Management, Raises Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Michael Hoffman has reaffirmed a Buy rating on Waste Management (NYSE:WM) and increased the price target from $183 to $190, indicating a positive outlook on the company's stock.
December 19, 2023 | 4:06 pm
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Stifel analyst Michael Hoffman maintains a Buy rating on Waste Management and raises the price target from $183 to $190, suggesting a bullish stance on the stock.
The increase in the price target by Stifel reflects an analyst's confidence in Waste Management's future performance. This kind of positive adjustment typically leads to a short-term increase in investor confidence and can positively impact the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100