Republic Services price target raised to $268 from $260 at BMO Capital

BMO Capital raised the firm’s price target on Republic Services (RSG) to $268 from $260 and keeps an Outperform rating on the shares. The company’s Q1 results demonstrated the benefits of strong pricing, good execution and cost controls, and while as typical, the management elected not to update its annual guidance, the bias is clearly to the upside, the analyst tells investors in a research note.