Raymond James lowered the firm’s price target on Republic Services (RSG) to $257 from $258 and keeps an Outperform rating on the shares. Republic Services has refocused its efforts across the board, sparking a new level of emphasis on growth, profitability, and consistency, and the company is producing some of the strongest and most consistent growth in a decade, the analyst tells investors in a research note. The firm sees Republic Services as a beneficiary of new laws surrounding per- and polyfluoroalkyl substance.
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