Goldman Sachs Initiates Waste Management at Buy, Sets $256 Price Target
Goldman Sachs initiated coverage on Waste Management (NYSE: WM) with a Buy rating and a $256 price target. Analysts said they were constructive on the company’s organic growth outlook, forecasting a 7.7% EBITDA CAGR from 2025 to 2027 driven by strong price/cost execution, high-return recycling and landfill-gas investments, and continued synergy capture from the Stericycle acquisition. Goldman noted potential upside tied to improving volumes in Healthcare Solutions (Stericycle) and a recovery in recycled com ...