WM price target raised to $237 from $235 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on WM (WM) to $237 from $235 and keeps an Outperform rating on the shares. WM’s multiyear capital deployment campaign towards sustainable projects adds a “wrinkle” and substantive incremental EBITDA and free cash flow opportunities to the story in the out-years, and given additional synergy capture and the potential re-ignition of organic growth, Stericycle could prove more value-creative than initially appreciated, the analyst tells investors in a research note.