Goldman Sachs Reiterates Buy Rating For RSG

In a research report by Goldman Sachs, Goldman Sachs has reiterated their Buy rating for Republic Services, Inc.

following upbeat meetings with management. Goldman Sachs writes, "We recently hosted Republic Services (

) management for a series of investor meetings. RSG provided a solid outlook for its long-term EPS growth (low-double digits) and FCF generation. Near-term, RSG sees stable sequential volumes, positive pricing and strong free cash flow. Despite the encouraging outlook, RSG shares have underperformed the S&P 500 and peers by 540 bp and 370 bp, respectively, since 9/21/2010." RSG Closed Tuesday at $29.96