- Citigroup analyst Bryan Burgmeier initiated coverage on Waste Management Inc (NYSE:WM) with a Buy rating and a price target of $183.
- WM is the largest operator in the high-quality U.S. waste business, nearly double the size of the next largest competitor.
- The company is poised to benefit from whitespace growth in renewable natural gas investing $825 million through 2026 to add $400 million in run-rate EBITDA.
- While Burgmeier acknowledges 2022 stock outperformance, the RNG opportunity is still underappreciated, with 76 more candidate landfills vs. 17 announced.
- The analyst views the company’s pricing power and long-term opportunity in renewable natural gas as “underappreciated.”
- Through resilient FCF generation, WM can continue to drive op improvements (investing $800 million in recycling to generate $180 million EBITDA by 2026) and bolt-on M&A.
- Near-term, the Street is underappreciating collection & disposal yield, and the analyst opened a 90-day catalyst watch, expecting WM to beat when the company reports 4Q earnings on February 1.
- Price Action: WM shares traded higher by 2.62% at $157.91 on the last check Friday.
LQR House Announces Strategic Partnership With Cannon Estate Winery For Expanded Canadian Distribution
- One Step Closer to Bringing LQR House Brands Across North America -
MIAMI BEACH, FL / ACCESSWIRE / September 6, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a visionary
