Truist analyst Tobey Sommer raised the firm’s price target on Republic Services (RSG) to $244 from $220 and keeps a Buy rating n the shares. The company reported mixed Q3 results with lower revenues driven by weaker cyclical volume and a 130bps margin beat that was partially driven by 60bps in one-time items, the analyst tells investors in a research note. The stock could underperform slightly post-earnings against the backdrop of stronger results from peers thus far in earnings season, Truist added.
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Read More on RSG:
- 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
- Republic Services sees FY24 at ‘low end’ of $16.08B-$16.13B, consensus $16.11B
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