Republic Services price target raised to $250 from $233 at Scotiabank

Scotiabank raised the firm’s price target on Republic Services (RSG) to $250 from $233 and keeps a Sector Perform rating on the shares. The firm believes the North American solid waste sector remains attractive due to its pricing power, marketing and acquisitions, solid free cash flow, and shareholder-friendly actions, the analyst tells investors. Additionally, the recent stock market volatility could further attract investors given the sector’s defensive attributes, the firm adds.