Citigroup upgrades Rollins to Buy and lifts price target to $49
Citigroup raised its rating on Rollins Inc. (ROL) from Neutral to Buy and increased its price target from $32 to $49. The upgrade was announced before the market opened, prompting a 1.6% pre‑market gain in the stock. Wells Fargo also raised its target to $30 from $26, and a 10% insider owner bought about 1.44 million shares at $34.59 each earlier in the month.
Why it matters
The Citigroup upgrade suggests a potential upside of roughly 29% from the recent close, which may attract additional buying interest. The higher targets from both Citigroup and Wells Fargo could support further price appreciation for investors holding or considering ROL.
Key facts
- 1Citigroup upgraded Rollins to Buy and raised its price target to $49 from $32. tradingview.com
- 2Rollins stock rose 1.6% in pre‑market trading after the Citigroup upgrade. investing.com
- 3Wells Fargo raised its price target for Rollins to $30 from $26. investing.com
- 4Insider owner LOR Inc. purchased approximately 1.44 million shares at $34.59 per share earlier this month. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.