Valuation Favors Waste Management, But Republic Services’ Momentum Keeps Pairs Trade Under Pressure
Waste Management (WM) presents the stronger fundamental value, trading at lower multiples and offering a larger analyst-target upside. Republic Services (RSG) has delivered the stronger recent performance, leaving a long-WM/short-RSG pairs trade challenged over monthly and quarterly horizons despite a modest 1-year relative gain for WM.