Deutsche Bank analyst Faiza Alwy upgraded Republic Services (RSG) to Buy from Hold with a price target of $237, up from $219. The firm expects overall construction activity to stabilize in 2025 following two years of declines. This would be beneficial for waste companies, the analyst tells investors in a research note. The firm says that while the waste sector is defensive and can underperform in times when the focus is on cyclicals, it continues to view the sector as “stable, consistent and a compounder over time with proven ability to take pricing.”
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