Rollins price target raised to $40 from $37 at Stifel

Stifel analyst Michael Hoffman raised the firm’s price target on Rollins to $40 from $37 and keeps a Hold rating on the shares. If the pest control market can support organic unit growth of 5%, price of 2%-3%, and M&A of 2%-3% at Rollins, free-cash-flow should continue to compound in high-single to low double-digits, Stifel says.