Jefferies analyst Stephanie Moore maintained a Buy rating on Republic Services (RSG – Research Report) yesterday and set a price target of $290.00.
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Stephanie Moore’s rating is based on Republic Services’ strong positioning in a recovering industrial and manufacturing environment. The company is well-placed to capitalize on margin expansion opportunities through route and pricing optimization, which enhances its financial performance. Additionally, Republic Services has a significant potential for mergers and acquisitions, particularly in the municipal solid waste, recycling, and environmental services sectors, providing a long runway for growth.
Moreover, Republic Services is not just a defensive play in the waste sector but is also poised to benefit from industrial activity acceleration. The company’s broad range of services in environmental solutions gives it a competitive edge and pricing power. Furthermore, the ongoing implementation of technology, such as the RISE platform, supports data-driven decision-making, enhancing customer retention and pricing strategies. The attractive M&A environment, coupled with strategic acquisitions like Shamrock Environmental, further strengthens Republic Services’ market position and growth prospects.
RSG’s price has also changed moderately for the past six months – from $215.550 to $254.120, which is a 17.89% increase.