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Fly News Breaks for October 18, 2019
WM, RSG
Oct 18, 2019 | 07:01 EDT
BofA/Merrill Lynch analyst Michael Feniger upgraded Republic Services (RSG) to Buy from Neutral calling the stock "a more balanced way" to gain exposure to the theme of higher disposal pricing than peer Waste Management (WM), which he downgraded this morning. Expectations are lower for Republic and the company faces easier volume comps, without the same large M&A integration risks that Waste Management has, said Feniger, who raised his price target on Republic shares to $95 from $92.
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