Rollins price target raised to $64 from $62 at Goldman Sachs

Goldman Sachs analyst George Tong raised the firm’s price target on Rollins (ROL) to $64 from $62 and keeps a Buy rating on the shares. The company reported healthy Q3 results, with revenue, EBITDA margins and EPS outperforming expectations and consensus, 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 added.