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RTO Rentokil Initial News Story

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IndustrialsBalancedLarge CapHigh Flyer

BUZZ-Deutsche Bank upgrades Rentokil on resilience amid weak economy

** Deutsche Bank upgrades British pest control services
provider Rentokil Initial  RTO.L  to "buy" from "hold"
    ** Brokerage says the wider pest control industry is a lower
risk industry with history of growth through recessions
    ** Adds that the company's deal to buy U.S. rival Terminix
 TMX.N  has significant potential to add value for shareholders
    ** RTO in Dec said it is buying Terminix in a $6.7 bln deal
that will help the UK company build scale and create a global
pest control services giant serving both offices and homes
    ** "Industry data indicates prices are rising to offset
costs" - DB
    ** 15 brokerages rate the stock "buy" or higher, 2 "hold"
and 2 "sell" or lower; their median PT is 620p
    ** RTO down 20.2% YTD

 (Reporting by Aniruddha Ghosh in Bengaluru)
 ((Aniruddha.Ghosh@thomsonreuters.com; 91 83 83 81 2416;))

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