JPMorgan cuts target to USD 235.00 for Waste Management stock

Published on 10/12/2026 at 11:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 4.00 percent to USD 6.68 billion in the second quarter. Waste Management stock costs EUR 186.63 on October 12, 2026.

Key points in brief

JPMorgan cut its Waste Management price target from USD 270.00 to USD 235.00 on October 8, 2026, while keeping an Overweight rating.
Raymond James lowered its target from USD 262.00 to USD 254.00 on October 9, 2026, while maintaining Outperform.
Second-quarter 2026 revenue rose 4.00 percent year over year to USD 6.68 billion, while earnings per share reached USD 2.02.
Waste Management stock was trading at EUR 186.63 at Lang & Schwarz on October 12, 2026 at 11:39 a.m. CEST.

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Waste Management had its price target cut by JPMorgan from USD 270.00 to USD 235.00 on October 8, 2026, while the bank kept an Overweight rating, according to Markets Insider. Waste Management stock was trading at EUR 186.63 at Lang & Schwarz on October 12, 2026 at 11:39 a.m. CEST.

Targets moved lower in October

The JPMorgan change came during a third-quarter earnings preview. The bank cited mixed demand outside data center end markets, weak waste services volumes and healthy pricing, according to Markets Insider.

Raymond James followed on October 9, 2026, cutting its target from USD 262.00 to USD 254.00 while keeping an Outperform rating. Its note cited temporary fuel-cost pressure, potential mergers and acquisitions and modest recycled-commodity price improvements, as Markets Insider reported.

What do the target cuts signal?

The revised targets point to a more cautious near-term earnings setup rather than a rejection of Waste Management's operating model. Raymond James said fuel surcharges should catch up in October, which could leave the full-year earnings impact neutral despite September diesel-price increases, according to Markets Insider.

Three dated developments

On July 28, 2026, Waste Management reported second-quarter revenue of USD 6.68 billion and earnings per share of USD 2.02, versus consensus of USD 1.98, while revenue increased 4.00 percent from the prior-year quarter, according to MarketBeat. JPMorgan cut its target to USD 235.00 from USD 270.00 on October 8, followed by the Raymond James cut to USD 254.00 from USD 262.00 on October 9.

Next date is October 27

Waste Management is scheduled to report third-quarter results after the market closes on October 27, 2026, according to Yahoo Finance. Analysts cited in the same report expect diluted earnings per share of USD 2.18, compared with USD 1.98 in the year-ago quarter.

Stock remains below its yearly high

Waste Management's latest USD market capitalization was USD 83.5 billion on October 9, 2026, while its 52-week range was USD 194.11 to USD 248.13. The current EUR quote gives German investors a separate trading reference, while the upcoming report provides the next scheduled company event.

Waste Management stock was trading at EUR 186.63 at Lang & Schwarz on October 12, 2026 at 11:39 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Waste Management stock.