Rollins price target lowered to $48 from $49 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Rollins to $48 from $49 but keeps a Buy rating on the shares. The company continues to have an attractive outlook for organic revenue growth in the high-single-digits following Q4 results, which matched expectations for commercial and termite revenue as well as operating margins, the analyst tells investors in a research note. Pricing increases are additionally a tailwind to organic growth, coming in at a healthy 3%-4% throughout 2023 and in 1Q 2024, above historical levels of 1-2%, with minimal customer sensitivity, the firm added.