Argus raised the firm’s price target on Republic Services to $205 from $175 and keeps a Buy rating on the shares after its recent Q4 earnings beat. The company has strong growth prospects, helped by acquisitions, and has also recently raised its dividend, the analyst tells investors in a research note. Republic Services shares merit a premium valuation based on its solid balance sheet, focus on growth through acquisitions, strong industry position and history of generating market-beating returns, the firm added.
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