On November 5, Waste Management rose 3.02% in Regular Trading, trading at $245.82/share, with turnover of $118 million.

The clearest recent catalyst is UBS raising its price target on Waste Management to $280 from $270 while maintaining a Buy rating, a development that reinforced confidence in the company’s medium-term valuation.

That backdrop followed the company’s latest quarterly update, in which adjusted EPS was $2.15 versus $1.98 a year earlier and revenue rose to $6.85 billion from $6.44 billion, slightly above market expectations. Management also said full-year revenue should land at the high end of its prior range, although some analysts noted near-term inflation pressure weighed on profitability and third-quarter EBITDA came in modestly below consensus.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)