APi Group assumed with a Buy at UBS

UBS analyst Robert Jamieson assumed coverage of APi Group with a Buy rating with a price target of $40, up from $37. As APi executes on its strategy to increase service, inspection, and monitoring revenue, organic growth should become more durable and the 2025 margin target of 13% more feasible, the analyst tells investors in a research note, adding that this will help improve free cash flow generation, enabling APi to continue consolidating its fragmented industry.