RBC Capital Assumes Republic Servs at Sector Perform, Lowers Price Target of $198
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Walter Spracklin has initiated coverage on Republic Services (NYSE:RSG) with a 'Sector Perform' rating and set a new price target of $198, indicating a neutral outlook on the company's stock.

April 08, 2024 | 9:40 pm
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RBC Capital has initiated coverage on Republic Services with a 'Sector Perform' rating and a lowered price target of $198.
The initiation of coverage by RBC Capital with a 'Sector Perform' rating and a price target adjustment typically reflects a neutral outlook on the stock's short-term performance. This suggests that while there may not be significant downside risk, RBC does not foresee substantial upside potential in the near term either. Investors might interpret this as a signal to hold their positions or enter with caution, potentially leading to a stable but unremarkable movement in RSG's stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100