BMO Capital raised the firm’s price target on Republic Services to $211 from $209 and keeps a Market Perform rating on the shares after its Q2 earnings beat. There were more positive takeaways from the quarter, including SW division margin expansion, guidance increase, and dividend bump) than negative, though the market expectations were also elevated heading into the print, the analyst tells investors in a research note. Republic Services is performing well and there is good visibility into strong margin improvement in 2024, the firm added.
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