UPDATE: Goldman Sachs Upgrades Republic Services (RSG) to Conviction Buy
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Goldman Sachs Adds Republic Services (RSG) to Its Conviction Buy List on Accelerating Unit Economics and High ROI Green Capex
August 24, 2021 6:41 AM EDTGoldman Sachs analyst Jerry Revich has made a series of calls in the banks Machinery & Diversified Industrials, Infrastructure, and Environmental Service coverage.
The most notable include adding Republic Services (NYSE: RSG) to its Conviction Buy List, citing accelerating unit economics and high ROI green capex. A new price target of $147 implies a roughly 20% upside compared to the current market price.
We see significant scope for accelerating unit profitability and high returns green capex to drive positive earnings revisions and multiple expansion for the stock. RSG was the last major Environmental Services company to... More
