BUZZ-RBC upgrades Republic Services to 'outperform' on favorable 2025, M&A prospects
** 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;))
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