Bank of America Securities analyst Michael Feniger has reiterated their bullish stance on RSG stock, giving a Buy rating today.
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Michael Feniger has given his Buy rating due to a combination of factors highlighting Republic Services’ strong financial performance and strategic positioning. The company exceeded expectations in its Q4 EBITDA and Free Cash Flow, showcasing robust margins and a strong finish for the fiscal year. Additionally, its 2025 guidance appears conservative yet promising, as it mitigates risks associated with various swing factors while leaving room for potential upside.
Feniger also notes the favorable outlook in the Environmental Solutions sector, which was a significant contributor to growth, and anticipates further expansion in 2025. The company’s strategic moves in IT integration and renewed focus on mergers and acquisitions further strengthen its position compared to peers. These elements, combined with a high valuation multiple and limited downside risk, reinforce Feniger’s confidence in maintaining a Buy rating for Republic Services.
Feniger covers the Industrials sector, focusing on stocks such as Oshkosh, Republic Services, and Aecom Technology. According to TipRanks, Feniger has an average return of 12.9% and a 66.49% success rate on recommended stocks.
In another report released today, Truist Financial also reiterated a Buy rating on the stock with a $250.00 price target.