CIBC upgrades Republic Services to 'outperformer', raises PT

CIBC Equity Research upgrades rating for garbage management firm Republic Services RSG.N to "outperformer" from "neutral"

Brokerage has a positive view of waste sector in general, and expects it to benefit from increasing uncertainty around trade policy

"If tariffs prove to be inflationary, the waste sector has proven its ability to pass this along through higher pricing" - brokerage

Raises PT on RSG to $264 from $237, a 12% upside to stock's last close

Also hikes PT for peer Waste Management WM.N to $247 from $227, a 7% upside to stock's last close

YTD, S&P 500 Environmental and Facilities Services sub-index .SPLRCPROP up 12%