Morgan Stanley cut target to USD 220 for Waste Management stock

Published on 10/15/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley cut its target to USD 220 on October 13, 2026. Waste Management stock was at EUR 193.90 at Lang & Schwarz on October 15, 2026.

Analyst reset before quarterly results

Morgan Stanley lowered its target to USD 220 on October 13, 2026.
Second-quarter revenue reached USD 6.68 billion, up 4.00 percent year over year.
Waste Management stock was trading at EUR 193.90 at 11:08 a.m. CEST at Lang & Schwarz on October 15, 2026.

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Waste Management (ISIN US94106L1098) was trading at EUR 193.90 at Lang & Schwarz on October 15, 2026 at 11:08 a.m. CEST. On October 13, 2026, Morgan Stanley analyst Jeffrey Goldstein lowered the price target from USD 230.00 to USD 220.00 while maintaining an Equal-Weight rating, according to GuruFocus.

Second-quarter figures set the backdrop

Waste Management reported second-quarter revenue of USD 6.68 billion, a 4.00 percent increase from the year-earlier period. Adjusted earnings per share reached USD 2.02, compared with a USD 1.98 consensus estimate, while revenue was below the USD 6.71 billion estimate, according to MarketBeat.

What does the target cut mean?

Morgan Stanley's new target is USD 10.00 below its previous level, a reduction of 4.35 percent. That reset puts more weight on execution before the next earnings release, especially as the company balances revenue growth against operating efficiency.

Three dated signals for investors

On July 28, 2026, Waste Management reported USD 6.68 billion in second-quarter revenue and USD 2.02 in adjusted earnings per share, according to MarketBeat. On October 8, 2026, JPMorgan lowered its target from USD 270.00 to USD 235.00 while keeping an Overweight rating, the same report said. On October 13, 2026, Morgan Stanley lowered its target from USD 230.00 to USD 220.00 while retaining Equal Weight, according to GuruFocus.

October reporting date is set

Waste Management is scheduled to publish third-quarter results after the market close on October 27, 2026. The conference call is scheduled for October 28, 2026 at 10:00 a.m. ET, according to MarketBeat. The report will provide the next test of whether earnings growth can offset the recent sequence of lower analyst targets.

Stock quote and valuation context

Waste Management's market capitalization was USD 86.2 billion as of October 14, 2026. Its primary listing is on the NYSE under ticker WM, and the company operates in the Industrials sector and Waste Management industry.

Waste Management was trading at EUR 193.90 at Lang & Schwarz on October 15, 2026 at 11:08 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Waste Management stock.