Goldman Sachs reported Wednesday, that they have upgraded waste
management services company, Waste Management, Inc.(
WM ) to a "Buy".
The firm reported that they have upgraded WM from "Neutral" to
"Buy," and have increased the company's price target from $33 to
$42. This price target suggests a 21% increase over the stock's
current price of $33.10.
Analysts expect the company to see higher volume and have the
ability to price higher through 2015. This is a result of
residential fixed investment recovering.
Waste Management share were up 47 cents, or 1.44% during
premarket trading Wednesday. The stock is mostly flat YTD.
The Bottom Line
Shares of Waste Management ( WM ) have a 4.35%
dividend yield, based on last night's closing stock price of
$32.63. The stock has technical support in the $30-$31 price area.
If the shares can firm up, we see overhead resistance around the
$33-$34 price levels.
Waste Management, Inc.( WM ) is not
recommended at this time, holding a Dividend.com DARS™ Rating of
3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well
as a detailed explanation of our ratings system here .