Republic Services (RSG) PT Raised to $208 at Baird
Get Alerts RSG Hot Sheet
Price: $222.11 +1.30%
Rating Summary:
18 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
Rating Summary:
18 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 3
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(Updated - July 23, 2024 6:51 AM EDT)
Baird analyst David Manthey raised the price target on Republic Services (NYSE: RSG) to $208.00 (from $203.00) while maintaining a Neutral rating.
The analyst commented: "Based on higher OCC pricing in 2Q24 (average pricing +9% q/q), we are raising our commodity basket pricing assumption. Diesel fuel ticked down $0.12 q/q vs. our flat assumption. EBITDA estimates rise slightly, and our new $208 price target is based on an unchanged 15x EV/2025E EBITDA."
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