Scotiabank raised the firm’s price target on Republic Services to $213 from $211 and keeps a Sector Perform rating on the shares. The company’s beat was “encouraging,” with its EBITDA/EPS beat driven by outsized margin expansion, which bodes well for the balance of 2024, the analyst tells investors. While the company did not raise its FY24 guidance, the firm anticipates the company will do so with the release of its Q2 results.
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, Inc. Reports First Quarter 2024 Results
- RSG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Republic Services assumed with a Sector Perform at RBC Capital
- Republic Services initiated with a Sector Perform at Scotiabank
- Republic Services price target raised to $225 from $213 at Jefferies