Rollins price target raised to $53 from $52 at UBS

UBS analyst Joshua Chan raised the firm’s price target on Rollins (ROL) to $53 from $52 and keeps a Neutral rating on the shares. The firm expects Q4 results to include continued 7%-8% organic growth and a stronger incremental margin quarter, bouncing back from softer margins in Q3, which could nudge shares slightly upward, the analyst tells investors in a research note. With the core business backdrop seemingly steady, estimates are likely little-changed exiting the quarter, and as a result, the firm sees the risk/reward relatively balanced into the print.