The firm said management can grow margins and free cash flow.
The stock closed at $47.18 on Friday.
Separately, TheStreet Ratings team rates WASTE MANAGEMENT INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WASTE MANAGEMENT INC (WM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: WM Ratings Report