- Loop Capital analyst Scott Graham initiated coverage on Altra Industrial Motion Corp (NASDAQ:AIMC) with a Buy rating and a price target of $58, implying an upside of 44%.
- Graham thinks management’s sales and margin enhancement strategies will steer solid earnings growth in the next several quarters and a modest sales acceleration in Q2 of 2023 through 2024.
- The analyst believes the shares as undervalued based on the current levels.
- Price Action: AIMC shares are trading lower by 0.91% at $40.24 on the last check Friday.
Here’s How Much $100 Invested In Waste Management 20 Years Ago Would Be Worth Today
Waste Management (NYSE:WM) has outperformed the market over the past 20 years by 1.65% on an annualized basis producing an average annual return of 8.52%. Currently, Waste Management has a market capitalization of $58.33 billion.
