Barclays Lowers PT on Waste Management (WM), Keeps an Overweight Rating

​Waste Management, Inc. (NYSE:WM) is one of the Best Forever Stocks to Invest In Now. On October 9, William Grippin from Barclays lowered the firm’s price target on Waste Management, Inc. (NYSE:WM) from $272 to $271, while keeping an Overweight rating on the stock.

​The analyst noted that this update reflects the firm’s preview of Q3 earnings. Barclays believes that the pricing trends are favorable, and acquisitions are driving growth in the waste management sector amidst commodity headwinds and difficult margin comparisons.

​In addition to Barclays, Noah Kaye from Oppenheimer also lowered the firm’s price target on the stock from $265 to $262 on October 8. The analyst kept his Buy rating on Waste Management, Inc. (NYSE:WM).

​Waste Management, Inc. (NYSE:WM) provides environmental services for residential, commercial, industrial, and municipal customers across the United States and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.