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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RSG:
- Republic Services price target raised to $215 from $190 at Citi
- Republic Services downgraded to Neutral from Buy at UBS
- Republic Services price target raised to $195 from $173 at BMO Capital
- Republic Services price target raised to $199 from $166 at RBC Capital
- Republic Services price target raised to $195 from $182 at Oppenheimer