As previously reported, Wells Fargo downgraded Rollins (ROL) to Equal Weight from Overweight with a price target of $56, down from $68, following Q4 results that saw a broad-based miss across all segments due to weather headwinds. The firm is concerned these headwinds could persist into first half of the year and weigh on organic growth.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROL:
- Rollins downgraded to Equal Weight from Overweight at Wells Fargo
- Closing Bell Movers: Cisco falls 7% after earnings
- Buy on Weakness: Viewing Rollins’ Rare Miss as a Long-Term Entry Opportunity in a Durable Pest Control Compounder
- Rollins reports Q4 adjusted EPS 25c, consensus 27c
- ROL Upcoming Earnings Report: What to Expect?
