Rollins price target raised to $67 from $66 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Rollins (ROL) to $67 from $66 and keeps a Buy rating on the shares. The company’s solid Q1 results were characterized by revenue outperformance but partially mitigated by an EBITDA margin shortfall on transient headwinds, the analyst tells investors in a research note. EBITDA margins were dampened in the quarter by insurance and claims due to the maturation of claims from prior years, but the company noted that improving indicators around accident and injury frequency should support long-term claims mitigation, the firm added.