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Fly News Breaks for April 30, 2019
ROL
Apr 30, 2019 | 07:07 EDT
The combination of extreme weather and transitory costs, coupled with conservative accounting, drove Rollins's worse than expected results, Nomura Instinet analyst Dan Dolev tells inventors in a research note titled "Perfect Storm = Perfect Buying Opportunity." The analyst, however, believes Rollins' "pristine execution and focus on employee retention" make selloffs like these a "strong buying opportunity." He lowered his price target for the shares to $43 from $46 and keeps a Buy rating on the name.
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