Wall Street Analysts are Bullish on Waste Management (WM)

WM -0.89%

Waste Management, Inc. (NYSE:WM) is one of the best industrial stocks to buy. On November 24, Adam Bubes at Goldman Sachs reiterated a Buy call on Waste Management. The price target for the shares came in at $256.

In a different business update on November 12, the company shared that it now accepts plastic cups made of polypropylene and paper to-go cups, categorizing them as recyclable materials. Residents can now participate in curbside recycling of to-go cups in more local programs across the United States.

Photo by Nick Fewings on Unsplash

The chief sustainability officer at Waste Management, Tara Hemmer, commented:

"Plastic and paper to-go cups are showing up in greater volumes at our facilities. We are executing on our plans to invest $1.4 billion in new recycling infrastructure across North America to unlock recycling capabilities and solutions so that more material can be turned into new products. Recycling works best when it's accessible—and when industry leaders like WM, local communities, consumers and companies who purchase recycled material for new products and packaging all work together."

WM is joining forces with different partners, including Starbucks, The Recycling Partnership, How2Recycle, NextGen Consortium, and local governments, to update recycling guidelines and improve community awareness for curbside and drop-off programs.

Waste Management, Inc. (NYSE:WM) is a Texas-based company providing waste and recycling collection, landfill and transfer station operations, and landfill gas-to-energy production.

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