Truist upgrades Republic Services to 'buy' on margin growth expectations

Republic Services

11/07/2024 12:41

** Truist raises PT of waste management company Republic
Services  RSG.N  to $220 from $192, representing a 11.74% upside
to stock's last close
    ** Brokerage raises RSG's rating to "buy" from "hold"
    ** "Increasingly optimistic around margin expansion
potential in the company's growing Environmental Services
platform" - Truist
    ** Adds environmental segment margins could reach ~30% in
the long term 
    ** 10 of 21 brokerages rate stock "buy" or higher, 11
"hold"; their median PT is $204
    ** As of last close, shares up 19.39% YTD 

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))