Waste Management (NYSE:WM) Lowered to “Buy” at StockNews.com

Waste Management (NYSE: WM) is a waste management and recycling company based in Dallas, Texas. The company operates in North America and provides services such as waste collection, transfer, processing, and disposal.

On August 19, 2021, StockNews.com lowered its rating for Waste Management from "Hold" to "Buy." This change indicates that the website's analysts believe that the stock is undervalued and has potential for growth.

There are several factors that could contribute to this positive outlook for Waste Management. One of these is the company's strong financial performance. In its most recent quarter, ended June 30, 2021, Waste Management reported revenue of $4.5 billion and earnings per share of $1.69. This represents a 7% increase in revenue and a 12% increase in earnings compared to the same period last year.

Another factor that could drive growth for Waste Management is the company's focus on sustainability and environmental responsibility. The company has set ambitious goals for reducing greenhouse gas emissions, increasing recycling rates, and promoting sustainable waste management practices. This commitment to sustainability could help the company attract environmentally conscious customers and investors.

Overall, while there are certainly risks and challenges associated with the waste management industry, Waste Management's strong financial performance and focus on sustainability make it a potentially attractive investment opportunity for those looking for growth potential.