RBC Capital Upgrades Republic Services (RSG) to Outperform

RBC Capital analyst Walter Spracklin upgraded Republic Services (NYSE: RSG) from Sector Perform to Outperform with a price target of $237.00 (from $219.00).

The analyst comments: "We are upgrading Republic Services Inc. ('Republic') to Outperform (from Sector Perform) given the favorable setup into 2025 and the attractive valuation following the recent share price pullback. For 2025, our initial forecasts reflect ~9% EPS growth, with potential for upside from future M&A. Following the recent share price pullback, Republic shares trade at ~13.5x 2025e EBITDA, below the last 12-month average of ~14.8x NTM EBITDA, which we view as an attractive entry point for this high quality Waste firm. Revising PT +$18 to $237."

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 $201.04 yesterday.

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