Market Overview

UPDATE: Wedbush Upgrades Republic Services on Cyclical Economic Recovery

Related RSG
Top 4 NYSE Stocks In The Waste Management Industry With The Lowest PEG Ratio
Baird Upgrades Beacon Roofing After RSG Acquisition, Says Questions Appear Answered

In a report published on Wednesday, Wedbush analyst Al Kaschalk Upgraded Republic Services (NYSE: RSG) from Neutral to Outperform and raised the price target on the company from $33 to $40.

In the report, Wedbush stated, "Our upgrade of Republic Services (RSG) is predicated on the realization of a cyclical economic recovery where the benefit of higher volumes and improving price within municipal and competitive markets drives EBITDA margin expansion and grows cash flow over the next 12-24 months."

Republic Services closed on Wednesday at $34.06.

Latest Ratings for RSG

Sep 2014Stifel NicolausMaintainsBuy
Sep 2014KeyBancDowngradesBuyHold
Jul 2014WunderlichSuspendsBuy

View More Analyst Ratings for RSG
View the Latest Analyst Ratings

Posted-In: Al Kaschalk WedbushAnalyst Color Upgrades Analyst Ratings


Related Articles (RSG)

Get Benzinga's Newsletters