RBC Capital raised the firm’s price target on Republic Services to $211 from $201 and keeps a Sector Perform rating on the shares after its Q2 earnings beat and guidance raise. Pricing continued to trend well and in line with guidance, and Republic is well positioned to deliver on its 2024 guidance, which now reflects the outlook for a higher Adjusted EBITDA margin, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RSG:
- Republic Services Projects Higher Earnings and Raises Dividend
- Republic Services, Inc. Increases Quarterly Dividend to $0.580 Per Share
- RSG Upcoming Earnings Report: What to Expect?
- Microchip and Roblox downgraded: Wall Street’s top analyst calls
- Republic Services upgraded to Buy from Hold at Truist