Baird raised the firm’s price target on APi Group (APG) to $40 from $39 and keeps an Outperform rating on the shares. The firm met with management which reinforced their belief that Elevator maintenance is an attractive new business line which opens up a new M&A platform and, over time, good cross-sell potential. Elevator maintenance’s intensive recurring service focus is arguably an even better business than Safety services. In time, Baird believes this becomes more apparent.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APG:
- Amazon invests $4B more in Anthropic, Gap reports Q3 beat: Morning Buzz
- Morning Movers: Gap gains and Destination XL sinks following earnings
- APi Group Announces CFO Resignation and Interim Appointment
- Flex names Kevin Krumm as CFO, succeeding Jaime Martinez
- APi Group backs FY24 revenue view $7B, consensus $7B