From Yahoo Finance: 2025-05-25 07:20:00

JPMorgan upgraded Waste Management Inc. (NYSE: WM) to Overweight, with a new price target of $277. This follows skepticism over the Stericycle acquisition and renewable natural gas projects. The $7.2 billion Stericycle purchase in November 2024 provides medical waste and secure information destruction services.

Expectations are high for Waste Management Inc. (NYSE: WM) to close the valuation gap with competitors. Revenue and cost synergies from Stericycle, along with sustainability projects, are projected to drive growth. The firm sees potential to enhance Stericycle’s core growth profile in environmental solutions globally.

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Read more: JPMorgan Upgrades Waste Management (WM) to Overweight, Lifts PT