UBS Downgrades Republic Servs to Neutral, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jon Windham downgraded Republic Services (RSG) from Buy to Neutral but raised the price target from $175 to $195.
February 29, 2024 | 10:51 am
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NEUTRAL IMPACT
UBS downgraded Republic Services from Buy to Neutral, but increased the price target from $175 to $195.
The downgrade to Neutral suggests a more cautious outlook on RSG's stock performance in the short term, potentially due to valuation or other concerns. However, the increase in the price target to $195 indicates a positive view on the company's long-term prospects or underlying value. This mixed signal could lead to short-term price volatility as the market digests the implications of both the downgrade and the raised price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100