William Blair analyst Trevor Romeo has reiterated their bullish stance on WM stock, giving a Buy rating on March 4.
Trevor Romeo has given his Buy rating due to a combination of factors that highlight Waste Management’s strong position in the market. The company is seen as a defensive growth investment, benefiting from its essential services and ability to withstand macroeconomic uncertainties such as tariffs and geopolitical instability. This resilience makes it an attractive option for investors, even during mild economic downturns.
Furthermore, Waste Management’s shares are trading at a slight discount compared to other solid waste companies, presenting a favorable entry point for investors. The company’s strategic investments in sustainability and the Stericycle acquisition are expected to drive medium-term growth. These factors, along with the company’s consistent free cash flow growth, underpin Romeo’s positive outlook and Buy rating for Waste Management.
In another report released on March 4, Raymond James also reiterated a Buy rating on the stock with a $237.00 price target.