RBC Capital keeps an Outperform rating and $52 price target on Rollins ahead of its Q1 results. Growth in the company’s Residential Pest control business moderated in Q4 due to one-time revenue weakness, and the firm expects a similar trend in Q1, given the seasonally slow quarter, though it also expects growth to improve in Q2 with tailwinds from warmer weather and two broods of Cicadas, the analyst tells investors in a research note. RBC adds that it expects 3%-4% pricing increases in FY24 and cross-selling to help deliver robust growth.
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