Rollins initiated with a Hold at Canaccord

Canaccord initiated coverage of Rollins (ROL) with a Hold rating and $48 price target Rollins has seen robust growth from numerous industry-leading pest control brands and while the firm expects the company to continue gaining share both organically and inorganically, it believes this is largely reflected in the share price. Rollins trades at a premium multiple given its recurring revenues, predictable earnings and high free cash flow conversion, the analyst added.