Wells Fargo Initiates Coverage On Republic Servs with Overweight Rating, Announces Price Target of $180
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski has initiated coverage on Republic Services (NYSE:RSG) with an Overweight rating and set a price target of $180 for the stock.

November 27, 2023 | 1:29 pm
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POSITIVE IMPACT
Wells Fargo analyst Ken Gawrelski initiated coverage on Republic Services with an Overweight rating and a price target of $180, which may positively influence the stock's performance.
Initiation of coverage by a major financial institution like Wells Fargo typically generates investor interest. An Overweight rating suggests that the analyst believes the stock will outperform its sector or the overall market. The price target of $180 indicates a positive outlook for the stock's future performance, which could lead to an increase in investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100