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Approximately 700 Waste Management employees in Los Angeles and Orange counties, represented by Teamsters Local 396, have ratified a new collective bargaining agreement.
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Waste Management (WM) missed Q3 earnings estimates due to higher fuel and insurance claims costs that squeezed margins, but the company's strong free cash flow growth of 20% and dividend coverage of 2.6x demonstrates solid financial health. The dividend remains safe with the payout using less than 40% of free cash flow, though investors should monitor whether claims costs and volume trends stabilize in coming quarters.
Sunday Lake Gold Corp., formerly Wallbridge Mining Company Limited, has appointed Michael Westendorf to its Board of Directors, effective immediately.
UBS has increased its price target for Waste Management, Inc. (WM) from $270 to $280 while maintaining a Buy rating on the stock.
Barclays reaffirmed its 'Overweight' rating on Waste Management, Inc. and increased its price target from $277 to $283.
Several companies reported third-quarter 2026 earnings with mixed results. Waste Management missed consensus estimates causing a 4.5% share decline, while Ultra Clean Holdings, PPG Industries, and Crane Co. all beat expectations and saw share price increases of 2.9% to 8.6%.
Bank of America has updated its price target for Waste Management, Inc. (WM), increasing it from $245 to $250 while maintaining a Neutral rating.