Rollins price target raised to $61 from $56 at Goldman Sachs

Goldman Sachs analyst George Tong raised the firm’s price target on Rollins (ROL) to $61 from $56 and keeps a Buy rating on the shares. The company reported “healthy” Q1 results, with revenue upside and in-line EPS relative consensus estimates, the analyst tells investors in a research note. Rollins’ operating performance reflects the inherent resilience of its business model attributable to the non-cyclical and essential nature of pest control, as well as the company’s idiosyncratic initiatives to drive growth, the firm adds.