Waste Management and Republic Services best suited for REITs, says Credit Suisse Credit Suisse said Waste Management (WM) and Republic Services (RSG) are best suited to convert to REITs given operating flexibility and significantly higher ROIC under a REIT conversion. The firm raised Waste Management's price target to $38 from $34 and Republic Services to $38 from $36.
News For WM;RSG From The Last 14 Days
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Waste Management upgraded at Stifel As noted earlier, Stifel upgraded Waste Management to Buy from Hold. The firm upgraded the stock after learning that the company is looking to reduce its workforce by 600 employees. The firm expects the company's traditional baseline free cash flow to reach $1.4B and grow 4%-6% over the long-term. Target $55.