BofA cuts Rentokil Initial stock price target on slower growth
BofA Securities reduced its price target for Rentokil Initial (NYSE:RTO) to GBP4.15 from GBP4.84, citing slower growth and lower EPS estimates. The stock trades at a P/E of 31.74, 4% above its 52-week low. Rentokil reported a 4.5% revenue increase to $3.589B, missing forecasts. Analysts have mixed views, with some upgrading and others downgrading the stock.


