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

Waste Management, Inc. (NYSE:WM) is included among the 13 Best Performing Long Term Stocks to Invest in.

On February 17, CIBC raised its price recommendation on Waste Management, Inc. (NYSE:WM) to $242 from $231. The firm reiterated a Neutral rating on the stock after meeting with management. The firm said key discussion points included the current volume and pricing environment, the outlook for WM Healthcare, and the company’s use of technology as a structural advantage.CIBC also reviewed the company’s free cash flow priorities as it begins to benefit from its sustainability investments. The firm said the price target increase reflected the operational momentum WM is currently seeing across its business.

During the Q4 2025 earnings call, CEO James Fish said the company delivered another strong year in 2025. He pointed to record efficiency in operating expenses relative to revenue. He also noted that cash generation remained strong, with operating cash flow growing at a double-digit rate and free cash flow rising nearly 27%. He said the results were driven by steady performance in the core collection and disposal business. The integration of Healthcare Solutions also supported growth, along with continued expansion in sustainability-related operations. He explained that investments in a newer truck fleet and improved retention among frontline workers helped reduce labor and maintenance costs. This contributed to better operating efficiency over the year.

Fish also highlighted progress in renewable energy. He said the company commissioned seven new renewable natural gas facilities during the year. This expanded its renewable energy network and strengthened its position in environmental sustainability. He also discussed the recycling business, which delivered more than 22% operating EBITDA growth. This came even as commodity prices fell nearly 20% during 2025. He said the performance reflected the strength of the company’s strategy and the impact of its operational improvements.

Waste Management, Inc. (NYSE:WM) provides environmental solutions. The company offers collection, recycling, and disposal services to millions of residential, commercial, industrial, and municipal customers across the United States and Canada.

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