Goldman Sachs Adds Republic Services (RSG) to Conviction Buy List

December 5, 2012 6:54 AM EST
Get Alerts RSG Hot Sheet
Price: $57.36 +0.09%

Rating Summary:
    6 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs added Republic Services (NYSE: RSG) to its Conviction Buy List and raised its price target from $30 to $37.

The firm said they are buyers of the stock given: (1) we believe the recovery in residential fixed investment (RFI) will drive municipal solid waste (MSW) volume and pricing higher through 2015, (2) consensus forecasts seem too low and do not reflect the inflection that we forecast for MSW volume and pricing, (3) valuation appears compelling on our 2014 estimates.

For an analyst ratings summary and ratings history on Republic Services click here. For more ratings news on Republic Services click here.

Shares of Republic Services closed at $28.59 yesterday.

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