Republic Services price target raised to $172 from $166 at Oppenheimer

Oppenheimer analyst Noah Kaye raised the firm’s price target on Republic Services to $172 from $166 and keeps an Outperform rating on the shares after meeting with the company’s leadership and toured its inaugural Circular Polymers Center. Oppenheimer also says that fundamental setup continues to look strong for FY24, with open market pricing robust, restricted price tailwinds from higher exposure to alternative indices, multiple margin expansion drivers, and a robust M&A pipeline.