Republic Services price target lowered to $255 from $256 at Oppenheimer

Oppenheimer lowered the firm’s price target on Republic Services (RSG) to $255 from $256 and keeps an Outperform rating on the shares. The firm notes the company provided expectations in December to achieve 75-100bps yield-cost spread in FY26 as cost inflation moderates from high-3% range in FY25 to 3.5%. The majority of labor wage adjustments will come into effect March 1, supporting visibility into the cost structure. Management sees core price moderating in concert, with Q4 exit rate a good proxy for FY26.