Jefferies analyst Stephanie Moore lowered the firm’s price target on Republic Services (RSG) to $248 from $260 and keeps a Buy rating on the shares after the company reported a “mixed quarter,” missing consensus estimates on revenue by 1% but beating on EBITDA. Guidance now assumes revenue at the low end, driven by weaker commodity pricing and tough comps, while the EBITDA view was maintained, implying better margins, the analyst noted.
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