Rollins price target raised to $52 from $45 at RBC Capital

RBC Capital raised the firm’s price target on Rollins to $52 from $45 and keeps an Outperform rating on the shares ahead of its Q2 results. The analyst sees a solid quarter with revenue slightly above consensus as Rollins executes on cross-sell opportunities while modestly benefiting from pricing actions in March and January. RBC adds that while it does not see transformative M&A in the second half of this year, it also believes that but believe that Rollins’s strong free cash flow generation and unlevered balance sheet enable optionality for bolt-on M&A opportunities.