Raymond James lowered the firm’s price target on Republic Services to $214 from $219 and keeps an Outperform rating on the shares. Republic Services is posting some of the strongest growth in a decade after refocusing its efforts across the board, sparking a new level of emphasis on growth, profitability, and consistency, the analyst tells investors in a research note. The firm sees Republic as an outsized beneficiary of new laws surrounding PFAS, which should drive environmental cleanup volumes in time, benefiting the ES segment.
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