Waste Management (WM) Gets Higher CIBC Target as Operational Momentum Builds

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CIBC has raised its price target for Waste Management, Inc. (NYSE: WM) to $242 from $231, while reiterating a Neutral rating, citing strong operational momentum. This update follows discussions with management regarding volumes, pricing, WM Healthcare’s outlook, and the company’s tech use. Waste Management’s CEO, James Fish, highlighted a strong 2025 with record operating efficiency, double-digit operating cash flow growth, and nearly 27% free cash flow increase, driven by core business performance and sustainability investments.

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