Oppenheimer analyst Noah Kaye raised the firm’s price target on Republic Services (RSG) to $220 from $219 and keeps an Outperform rating on the shares. The firm notes Republic Services beat Q3 adjusted EBITDA/EPS consensus on softer top line, indicated view to achieving the high end of FY24 EBITDA guidance and low end of sales guidance respectively, and offered a preliminary FY25 framework broadly in line with consensus.
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Read More on RSG:
- Republic Services price target raised to $219 from $211 at RBC Capital
- Republic Services Reports Strong Q3 2024 Earnings
- Republic Services reports Q3 adjusted EPS $1.81, consensus $1.61
- Republic Services sees FY24 at ‘low end’ of $16.08B-$16.13B, consensus $16.11B
- RSG Earnings this Week: How Will it Perform?