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Rollins upgraded to Buy from Hold at Jefferies

Jefferies upgraded Rollins (ROL) to Buy from Hold with a price target of $65, up from $55. Based on hiring intentions, the firm is incrementally positive on Rollins, believing the company is investing for growth which supports an elevated organic growth profile versus historical averages. The company is ramping sales professional hiring, with job listings for Q1 exceeding historical averages, the analyst tells investors in a research note. Jefferies views Rollins as a “high-quality earnings compounder,” driven by consistent high-single-digit organic growth, steady margin expansion, and potential for tuck-in acquisitions. It now has increased confidence that the company’s pace of organic growth can continue for the foreseeable future.

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