UPDATE: Wedbush Upgrades Republic Services on Cyclical Economic Recovery
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
|Nov 2016||Goldman Sachs||Initiates Coverage On||Neutral|
|Aug 2016||Macquarie||Initiates Coverage on||Neutral|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.