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Fly News Breaks for January 19, 2018
SERV
Jan 19, 2018 | 09:04 EDT
RBC Capital analyst Gary Bisbee raised his price target on ServiceMaster to $52, forecasting a 9% reduction in 2018 effective tax rate that will boost this year's EPS by about 14%. The analyst is "neutral" on the company over the near term following the strong run in its stock price since May, but expects a more positive outlook for the longer term on better performance at Terminix and higher valuation in the wake of American Home Shield spin-off. Bisbee keeps his Sector Perform rating on ServiceMaster.
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