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Fly News Breaks for March 12, 2019
SERV
Mar 12, 2019 | 07:25 EDT
Oppenheimer analyst Ian Zaffino raised his price target for ServiceMaster to $55 from $47 as management continues to target best-in-class retention by 2021. The analyst believes incremental margins should be 30%-plus by Q4 of 2019, and even higher thereafter, as retention improvements eliminate the need for elevated marketing spend. ServiceMaster Brands could be a large source of upside, as it enters commercial adjacencies and/or leverages Terminix, he contends. Zaffino reiterates an Outperform rating on the shares.
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