Scotiabank initiated coverage of Republic Services with a Sector Perform rating and $211 price target. Republic’s scale advantages provide it cost and capital advantages and the firm expects M&A execution to provide “needle-moving growth” despite its larger size.” While the firm believes shares’ recent relative re-rating is “justified,” Scotia also believes it limits the stock’s potential upside, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RSG:
- Republic Services price target raised to $225 from $213 at Jefferies
- DoorDash upgraded, GM initiated: Wall Street’s top analyst calls
- Republic Services downgraded to Equal Weight from Overweight at Morgan Stanley
- Republic Services Announces Executive Transition and Compensation Plan
- Republic Services price target raised to $205 from $175 at Argus