TD Cowen raised the firm’s price target on Republic Services to $200 from $195 and keeps a Hold rating on the shares. The firm said they reported a strong Q2 despite industry-wide softness in construction and residential waste volumes. 2024 EBITDA margins were raised 50 bps to 80 bps year-over-year but still lag peers.
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Read More on RSG:
- Republic Services price target raised to $208 from $196 at CIBC
- Republic Services price target lowered to $214 from $219 at Raymond James
- Republic Services price target raised to $211 from $201 at RBC Capital
- Republic Services price target raised to $211 from $209 at BMO Capital
- Republic Services price target raised to $230 from $215 at Stifel