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Rollins price target raised to $55 from $50 at Canaccord

Canaccord raised the firm’s price target on Rollins (ROL) to $55 from $50 and keeps a Hold rating on the shares. The firm said they reported Q3 results that were broadly above expectations, with sales relatively in line and EBITDA roughly 4% ahead of consensus. Canaccord said they could become more constructive if revenue growth accelerates and/or its targeted 30% incremental margins are deemed consistently achievable.

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