RBC Capital upgraded Republic Services (RSG) to Outperform from Sector Perform with a price target of $237, up from $219. The firm sees a favorable setup into 2025 for Republic Services and an attractive valuation following the recent share price pullback. Republic is a leading waste firm that has delivered in line to better than expected results over the course of 2024, the analyst tells investors in a research note. It views current share levels as an attractive entry point. It expects high-single-digit year-over-year earnings growth in 2025 with potential for upside from future acquisitions.
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: