Republic Services price target raised to $200 from $176 at Baird

Baird raised the firm’s price target on Republic Services to $200 from $176 and keeps a Neutral rating on the shares. The firm said they remain positive on the company’s strong execution, including healthy core business margin expansion, free cash flow growth, and other company-specific drivers. However, they believe the stock may be more challenged to outperform from here given near all-time high valuation coupled with moderating earnings growth ahead.