Rollins initiated with an Equal Weight at Barclays

Barclays initiated coverage of Rollins (ROL) with an Equal Weight rating and $50 price target The firm believes the company has a “best-in-class” brand but says the shares “may have been priced for perfection.” Barclays will be on the “keen look out for more opportunistic entry points,” as it believes Rollins has a “solid investment thesis.”