BMO cuts target to USD 232 for Waste Management stock

Published on 10/23/2026 at 11:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO Capital cut its target from USD 240 to USD 232 on October 15, 2026. Waste Management stock costs EUR 212.30 on October 23, 2026.

Targets and operating results

BMO Capital cut its Waste Management target from USD 240 to USD 232 on October 15, 2026.
Second-quarter 2026 revenue reached USD 6.68 billion, while earnings per share came to USD 2.02.
Waste Management stock traded at EUR 212.30 at 11:37 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Waste Management (ISIN US94106L1098) faces a lower analyst target after BMO Capital cut its objective from USD 240 to USD 232 on October 15, 2026. The adjustment is the latest in a series of target reductions that have placed operating execution ahead of valuation optimism. According to MarketScreener, BMO retained its Market Perform view.

What does the target cut change?

The new USD 232 objective sits below several earlier targets and signals a more cautious valuation framework. For context, Morgan Stanley cut its target from USD 230 to USD 220 on October 13, 2026, while maintaining an Equal Weight rating, as MarketBeat reported. The lower targets make the second-quarter results and the next operating update important reference points for the stock.

Three target moves since October 8

JPMorgan cut its target from USD 270 to USD 235 on October 8, 2026, according to MarketBeat. Morgan Stanley then set USD 220 on October 13, 2026, before BMO published its USD 232 target on October 15, 2026. The sequence shows that target revisions, rather than a single isolated note, are shaping the current analyst discussion.

Second-quarter earnings set the baseline

Waste Management reported USD 6.68 billion of revenue and USD 2.02 in earnings per share for the second quarter of 2026, compared with consensus earnings per share of USD 1.98, MarketBeat reported. Revenue increased 4.00 percent year over year, while the company generated USD 785.00 million in net income during the period. That combination gives investors a concrete operating benchmark as analysts reassess the valuation.

Waste Management stock at Lang & Schwarz

Waste Management stock was trading at EUR 212.30 at Lang & Schwarz on October 23, 2026 at 11:37 a.m. CEST. The primary listing is on the NYSE under the ticker WM, and the stock's market capitalization was USD 95.6 billion as of October 22, 2026. The further course of trading is shown by the continuously updated real-time quote of Waste Management stock.