BofA raised the firm’s price target on Republic Services (RSG) to $248 from $230 and keeps a Buy rating on the shares. FY24 EBITDA free cash flow finished ahead of guidance and the 2025 guidance “de-risks certain swing factors,” while leaving “some upside on the table,” the analyst tells investors in a post-earnings note.
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Read More on RSG:
- Strategic Growth and Financial Resilience Reinforce Buy Rating for Republic Services
- Republic Services price target raised to $232 from $218 at Baird
- Republic Services Reports Strong Growth and Outlook
- Republic Services sees FY25 adjusted EBITDA $5.275B-$5.325B
- Republic Services sees FY25 adjusted free cash flow $2.32B-$2.36B