Davenport Upgrades Rollins (ROL) to Buy
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Davenport & Company upgrades Rollins (NYSE: ROL) to Buy and has a $20 price target on the stock.
The firm believes Rollins 20% decline year-to-date has given investors an opportunity to load up on a potential long-term winner. Specifically, Davenport likes Rollins progress on its integration with HomeTeam. The firm is also confident that the company will be able to "execute its defensive business model, despite the current macroeconomic environment..."
Rollins, Inc., through its subsidiaries, provides pest and termite control services against termite damage, rodents, and insects.
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