APi Group price target raised to $25 from $22 at RBC Capital

RBC Capital analyst Ashish Sabadra raised the firm’s price target on APi Group to $25 from $22 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company’s deleveraging and accelerated restructuring sets up well to deliver on $100M Chubb synergies longer-term, the analyst tells investors in a research note. The firm warns however that while recurring revenue expansion bodes well, it continues to monitor currency headwinds, macroeconomic sensitivity and the "3-handle net leverage".