William Blair analyst Trevor Romeo has maintained their bullish stance on RSG stock, giving a Buy rating on November 3.
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Trevor Romeo has given his Buy rating due to a combination of factors that highlight Republic Services’ strong potential for long-term growth. The recent visit to the company’s headquarters reinforced confidence in its diverse growth opportunities, which are expected to remain robust despite some short-term challenges.
The current market conditions present a favorable entry point for investors, as Republic Services’ stock is trading at a valuation that suggests significant upside potential. The company’s solid waste business is supported by strong cash flow growth, and additional contributions from environmental solutions and capital deployment are expected to enhance its value further. While there are risks such as competition and price volatility, the structural market tailwinds and strategic initiatives position Republic Services well for future success.
According to TipRanks, Romeo is an analyst with an average return of -8.2% and a 17.86% success rate. Romeo covers the Industrials sector, focusing on stocks such as Korn Ferry, Casella Waste, and Republic Services.
In another report released on November 3, Jefferies also maintained a Buy rating on the stock with a $248.00 price target.