Goldman Sachs Removess Republic Services (RSG) from Conviction Buy List

Goldman Sachs removed Republic Services (NYSE: RSG) from its Conviction Buy List Thursday but maintained a Buy rating and $37 price target.

In its report, Goldman's analyst said valuation is now less compelling after the recent move up in shares, and we see relatively more compelling risk/reward elsewhere across their Basic Materials / Industrials coverage.

Goldman still rates share of Republic Services a Buy as they still see 9% average upside to 2013-2015 consensus EPS 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 $33.59 yesterday.

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