7/102 sources · 2 publishersUpdated Nov 11, 13:11 UTC
JPMorgan upgrades Republic Services to Overweight and lifts price target
On November 11, JPMorgan upgraded Republic Services from Neutral to Overweight and raised its price target from $265 to $295. JPMorgan expects solid-waste volume growth to turn positive in 2027 after three years of declines, supporting enterprise EBITDA margin expansion at or above the high end of its 30-50 basis-point annual algorithm.
Why it matters
The upgrade makes JPMorgan's view of Republic Services more bullish and raises the valuation level it assigns to the shares. JPMorgan's thesis depends on a return to positive volume growth in 2027 and continued margin expansion.
Key facts
- 1JPMorgan raised its Republic Services price target from $265 to $295 while upgrading the rating from Neutral to Overweight. investing.com
- 2JPMorgan expects solid-waste volume growth to become positive in 2027 after three years of negative growth. investing.com
- 3JPMorgan forecasts fiscal-year 2027 and 2028 EBITDA of $5.97 billion and $6.43 billion, respectively. investing.com
- 4JPMorgan forecasts earnings per share of $8.11 for fiscal year 2027 and $9.02 for fiscal year 2028. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.