Morgan Stanley raised the firm’s price target on Republic Services (RSG) to $245 from $230 and keeps an Equal Weight rating on the shares. Strong adjusted EBITDA margin drove a slight EPS beat despite weaker internal revenue growth, while guidance for FY25 was reiterated, the analyst noted. Following a post-earnings model update, the firm notes that its FY25 and FY26 adjusted EBITDA estimates are largely unchanged and it rolled forward its model and marked-to-market its valuation.
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- Republic Services price target lowered to $257 from $258 at Raymond James
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