JPMorgan upgrades Republic Services stock rating on volume outlook

Argus Research upgraded Republic Services (RSG) to Buy from Hold, citing earnings growth. Analyst John Eade set a $275 price target. The upgrade was part of a broader set of company updates highlighting optimism about improving earnings.

Argus Research upgraded Republic Services to Buy from Hold, setting a $275 price target, implying 10.3% upside from the Nov 11 close of $249.34. Recent analyst price targets for the company range from $254 to $295.

Public waste companies spent $1.2B on M&A in Q3, led by GFL Environmental's $762.1M acquisition of Secure Waste Infrastructure. WM, Republic Services, Waste Connections, and Casella Waste Systems also reported deals. Executives remain optimistic about future M&A opportunities.

JP Morgan upgraded Republic Services to Overweight from Neutral, raising its price target to $295 from $265, an 11.3% increase. This implies a 19.1% upside from the Nov 10 close of $247.62. Recent analyst targets for the company range from $254 to $281.

Resolute Mining (RSG.AX) is evaluating a second gold processing plant at its Doropo project in Ivory Coast, aiming to boost annual output to over 500,000 ounces. The Kilosegui deposit, with 856,000 oz reserves, could support a standalone plant. Doropo's $516m mine is on track for 2028 production. Resolute has secured $260m in financing and holds $480m in liquidity. Group production is forecast at 205,000–225,000 oz this year.

Wells Fargo reduced Republic Services' (RSG) price target to $270 from $2,324, citing margin pressures. RSG's stock trades near its 52-week high at $244.04. The company reported strong Q3 2026 results, beating earnings and revenue estimates, and raised its full-year guidance. Oppenheimer maintained an Outperform rating with a $255 target.