WM price target raised to $234 from $232 at BMO Capital

BMO Capital raised the firm’s price target on WM (WM) to $234 from $232 and keeps a Market Perform rating on the shares. The outsized post-earnings gain in the stock reflects a robust solid waste pricing outlook, easing concerns around commodity-related headwinds and increased synergy expectations for Stericycle, the analyst tells investors in a research note.