WM price target raised to $220 from $207 at CIBC

CIBC analyst Kevin Chiang raised the firm’s price target on WM to $220 from $207 and keeps a Neutral rating on the shares. The company reported a Q1 beat with all metrics coming in ahead of expectations, the analyst tells investors in a research note. The firm’s main takeaway on the back of these results is that WM has reset its margins higher.