APi Group (APG) PT Raised as RBC Capital Expects Solid 3Q Results and Positive Outlook

RBC Capital analyst Ashish Sabadra raised the price target on APi Group Corporation (NYSE: APG) to $40.00 (from $37.00) while maintaining an Outperform rating.

The analyst commented: "On Solid Ground; Expecting Solid 3Q Results and Positive 4Q25 Outlook; We estimate 3Q results in the upper half of revenue guidance and the upper end of EBITDA guidance. We anticipate MSD+ organic growth in Safety Services, driven by MSD-HSD% growth in Services and LSD-MSD % growth in Projects. Notably, we expect HSD+ organic growth in Specialty Services, supported by a profitable backlog of $4B+ despite softness in the ABI and reports of declining business activity from construction respondents within ISM Services data. We also expect APG's momentum to persist in 4Q25 and, as a result, estimate the midpoint of the 4Q25 guidance range to come in modestly above consensus."

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