JPMorgan cuts Waste Management target to USD 235 for Waste Management stock
Published on 10/13/2026 at 12:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- JPMorgan cut its Waste Management price target from USD 270.00 to USD 235.00 on October 8, 2026, while keeping an Overweight rating.
- Waste Management reported second-quarter 2026 revenue of USD 6.68 billion, up 4.00 percent year over year.
- Waste Management stock was trading at EUR 189.70 at Lang & Schwarz on October 13, 2026 at 12:16 p.m. CEST.
- Waste Management is scheduled to release third-quarter 2026 results on October 27, 2026, followed by its earnings call on October 28, 2026.
JPMorgan analyst Tami Zakaria cut the Waste Management target from USD 270.00 to USD 235.00 on October 8, 2026, while keeping an Overweight rating, according to Markets Insider. Waste Management stock was trading at EUR 189.70 at Lang & Schwarz on October 13, 2026 at 12:16 p.m. CEST.
JPMorgan lowers the valuation bar
The USD 35.00 reduction came in a third-quarter earnings preview. The report cited mixed demand outside data-center construction, cost inflation and waste-services volumes that remained weak despite healthy pricing, according to Markets Insider.
That combination puts the upcoming report under a sharper test. Pricing must continue to offset softer volumes, while the lower target signals that JPMorgan sees less room for valuation expansion than its earlier USD 270.00 view.
Three dated operating markers
On July 28, 2026, Waste Management reported second-quarter revenue of USD 6.68 billion, up 4.00 percent from USD 6.43 billion a year earlier, according to MarketBeat.
On September 24, 2026, WM announced that third-quarter results would be released after the market close on October 27, 2026. The current event in the sequence is the October 8, 2026 JPMorgan target cut to USD 235.00 from USD 270.00.
What does the next report test?
The key operating question is whether pricing can keep revenue growth positive while collection and disposal volumes remain pressured. Second-quarter revenue growth of 4.00 percent provides a measurable starting point, but the target cut shows why volume quality and margin resilience matter for the next valuation step.
Dates investors can mark
WM scheduled the third-quarter results for October 27, 2026, after the market close, followed by the investor conference call on October 28, 2026 at 10:00 a.m. ET. The dates make the next earnings release the immediate test of the pricing and volume balance.
Waste Management stock at Lang & Schwarz
Waste Management stock was trading at EUR 189.70 at Lang & Schwarz on October 13, 2026 at 12:16 p.m. CEST. The primary listing is on the NYSE in USD, while the German reference quote is shown in euros for this report. The further course of trading is shown by the continuously updated real-time quote of Waste Management stock.
Waste Management stock facts
- Company: Waste Management, Inc.
- ISIN: US94106L1098
- Ticker: WM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 12:16 p.m. CEST): EUR 189.70
- Market capitalization: USD 84.4 billion (as of October 12, 2026)
- Sector / Industry: Industrials / Waste Management
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
