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Oppenheimer raises Waste Management PT on strong 2027 growth outlook

ReutersJun 25, 2025 11:30 AM

Oppenheimer raises environment solutions provider Waste Management's WM.N price target to $255 from $251, an upside of 9% to stock's last close

Rating unchanged at 'outperform'

Says co demonstrated strong leadership in leveraging technology and operational efficiency to drive profitable growth across its core and emerging business segments

Brokerage expects 2027 EPS of $10.39; says strong free cash flow and sustainability will likely drive earnings growth

Brokerage, however, cuts 2025 EPS forecast to $7.78 from $7.79, and raises 2026 EPS estimate to $8.95 from $8.84

WM expects $250 mln in cost savings by 2027 and a $2.5 bln cross-selling opportunity - Oppenheimer

14 of 25 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $250 - data compiled by LSEG

As of last close, stock had risen 16% YTD

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