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Fly News Breaks for November 6, 2019
ROL
Nov 6, 2019 | 04:58 EDT
Stifel analyst Michael Hoffman upgraded Rollins to Hold from Sell with a price target of $34, up from $26.50. The company has "reinvigorated" organic growth and when combined with more rapid consolidation of domestic Pest Control, it can likely drive double digit free cash flow growth for the next five years, Hoffman tells investors in a research note. The analyst cites better near-term free cash flow prospects for his upgrade to Hold.
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