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SERV

ServiceMaster

$38.12

-0.1 (-0.26%)

17:11
12/01/16
12/01
17:11
12/01/16
17:11

ServiceMaster unit acquires Landmark Home Warranty

ServiceMaster's business unit American Home Shield acquired Landmark Home Warranty. The acquisition expands the company's home warranty footprint in Arizona, Idaho, Nevada, Oregon, Texas and Utah. Based in Salt Lake City, Landmark has provided affordable and comprehensive home warranties to customers since 2004. Landmark will maintain its current management team, name and branding, and continue to offer the same home warranties. The company has more than 200 employees, most of whom are located at the company's headquarters and customer service center in the Salt Lake City suburb of South Jordan, Utah.

SERV ServiceMaster
$38.12

-0.1 (-0.26%)

05/05/16
RBCM
05/05/16
NO CHANGE
RBCM
ServiceMaster weakness creates buying opportunity, says RBC Capital
After ServiceMaster reported results that RBC calls disappointing, the firm blames the weakness on higher than expected costs. However, RBC says that the company's guidance was little changed, and it expects the company's results to improve throughout this year as its "costs normalize." The firm keeps a $46 price target and Outperform rating on the shares.
08/01/16
MSCO
08/01/16
INITIATION
Target $45
MSCO
Overweight
ServiceMaster initiated with an Overweight at Morgan Stanley
Target $45.
08/22/16
MSCO
08/22/16
NO CHANGE
Target $45
MSCO
Overweight
ServiceMaster selloff an overreaction, says Morgan Stanley
Morgan Stanley analyst Toni Kaplan said the selloff in ServiceMaster shares following the resignation of Terminix president William Derwin is an overreaction. The analyst said the segment has been underperforming and believes the market is not expected a significant near-term acceleration and that a fresh look at Terminix's strategy can result in new ideas and be a catalyst for growth. Kaplan reiterates ServiceMaster's Overweight rating and $45 price target and said valuation is compelling.
09/19/16
NOMU
09/19/16
DOWNGRADE
Target $31
NOMU
Reduce
ServiceMaster downgraded to Reduce from Neutral at Nomura
Nomura analyst Dan Dolev downgraded ServiceMaster to Hold and lowered its price target to $31 from $36. The analyst expects weak growth at Terminex to linger given it overexposure to slower growth termite, reduced customer and employee retention, and headwinds from Alterra M&A as it starts lapping in November. Dolev said expects increased marketing spend for AHS, or home warranty, to maintain growth amid deteriorating levels of customer reviews.

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