APi Group price target raised to $37 from $34.67 at RBC Capital

RBC Capital raised the firm’s price target on APi Group (APG) to $37 from $34.67 and keeps an Outperform rating on the shares. The firm anticipates an inline quarter and a reiteration of FY25 guidance, though it has also adjusted estimates and the price target to reflect FX and the 3:2 stock split on July 1, the analyst tells investors in a research note. APi Group looks well-positioned to deliver on its 10/16/60+ financial targets, supported by increased U.S. infrastructure investment and onshoring of advanced manufacturing, the firm added.