APi Group price target raised to $55 from $48 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on APi Group (APG) to $55 from $48 and keeps an Overweight rating on the shares. The firm sees a narrowing in end market growth dispersion, which could also yield a narrowing in the dispersion of estimate revision momentum, and hence valuation multiples, across the multi-industry sector.