
RBC Capital Markets upgrades garbage management firm Republic Services RSG.N to "outperform" from "sector perform" and raises PT to $237 from $219
Brokerage sees a favorable 2025 for co given its high-single-digit EPS growth outlook, along with potential for upside from future mergers and acquisitions
Says M&As in 2025 across both solid waste and environmental solutions businesses are favorable, with co's balance sheet in "good shape"; expects an uptick in merger activities following a slower 2024
Says mergers or acquisitions of environmental solutions businesses could show meaningful progress on margin improvement and further growth avenues
Notes that co's valuation is "attractive" following recent share price pullback
15 of 23 brokerages rate the stock "buy" or higher, and eight "hold"; with a median PT of $226- data compiled by LSEG
RSG shares rose 36% last year
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))