APi Group price target raised to $54 from $48 at Truist

Truist analyst Jasper Bibb raised the firm’s price target on APi Group (APG) to $54 from $48 and keeps a Buy rating on the shares after its long-term target presentation at the company’s “upbeat” Investor Day. APi’s 2028 targets are generally in-line with expectations and implying a 18% free cash flow CAGR over the next four years, and the stock is positioning as a defensive growth story that should support relative outperformance amid turbulent macro, the analyst tells investors in a research note.