CIBC raised the firm’s price target on Republic Services (RSG) to $217 from $208 and keeps a Neutral rating on the shares. The company reported Q3 results with revenue coming in light but EBITDA and earnings ahead of estimates, and it now expects to come in at the upper end of its 2024 EBITDA guidance range, the analyst tells investors in a research note. The firm continues to see Republic Services “benefitting from multiple margin and earnings tailwinds and executing well across its platform.”
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Read More on RSG:
- Republic Services price target raised to $244 from $220 at Truist
- Republic Services price target raised to $220 from $219 at Oppenheimer
- Republic Services price target raised to $219 from $211 at RBC Capital
- Republic Services Reports Strong Q3 2024 Earnings
- Republic Services reports Q3 adjusted EPS $1.81, consensus $1.61
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