Stifel analyst Michael Hoffman raised the firm’s price target on Rollins to $40 from $37 and keeps a Hold rating on the shares. If the pest control market can support organic unit growth of 5%, price of 2%-3%, and M&A of 2%-3% at Rollins, free-cash-flow should continue to compound in high-single to low double-digits, Stifel says.
Published first on TheFly
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