Rollins initiated with an Overweight at Piper Sandler

Piper Sandler analyst Peter Keith initiated coverage of Rollins (ROL) with an Overweight rating and $70 price target Rollins, which has a long track record of “healthy and sustainable growth,’ is in the early stages of transitioning from a family-run business to a more modernized public company, which should accelerate growth and “make shares more appealing,” the analyst tells investors. The firm calls Rollins a “high quality compounding EPS growth story suitable for both Consumer and Business Services investors alike.”