WM price target lowered to $213 from $215 at BMO Capital

BMO Capital lowered the firm’s price target on WM to $213 from $215 and keeps a Market Perform rating on the shares. The company’s Q2 esults were softer than expected and the volume environment is proving to be less robust than assumed in prior guidance, and while there is good visibility into WM’s earnings growth runway over the next 2-3 years, this outlook is caputured in the current valuation, the analyst tells investors in a research note.