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SERV

ServiceMaster

$37.69

0.39 (1.05%)

08:07
12/17/19
12/17
08:07
12/17/19
08:07

ServiceMaster price target lowered to $50 from $55 at JPMorgan

JPMorgan analyst Judah Sokel lowered ServiceMaster's price target to $50 from $55 and keeps an Overweight rating on the shares after spending time with management. Most importantly, the core Terminix turnaround continues to progress, says the analyst, who expects organic revenue growth to accelerate again in 2020 to over 3.0%. This is another "encouraging step" towards the industry's 4%-6% rate, though margins will still be weighed down somewhat by investments, Sokel tells investors in a research note.

SERV ServiceMaster
$37.69

0.39 (1.05%)

11/06/19
RBCM
11/06/19
NO CHANGE
Target $54
RBCM
ServiceMaster price target lowered to $54 from $59 at RBC Capital
RBC Capital analyst Seth Weber lowered his price target on ServiceMaster to $54 in spite of its earnings beat, saying the company's damage claims costs of 7%-8% were above the historical average of 4%-4.5%. The analyst keeps his Outperform rating however and notes that the quarter is not "thesis changing", with much of the headwind coming in legacy operations and not Terminix, where trends are improving.
11/18/19
WBLR
11/18/19
NO CHANGE
WBLR
Outperform
ServiceMaster recent selloff presents buying opportunity, says William Blair
Since the company's Q3 prerelease on October 22, shares of ServiceMaster have declined 38%, erasing approximately $2.9B of market capitalization, William Blair analyst Tim Mulrooney tells investors in a research note. After speaking to investors, the analyst believes the primary reason for the pullback is related to the potential for "long-tailed" liabilities in the form of termite damage claims. Mulrooney sized the totality of claims and sees less than $150M related to Mobile, Alabama, which he notes is significantly less than what is implied by the recent market reaction. The current entry point is attractive and represents an opportunity for investors to own shares of a "well-capitalized market leader in the highly attractive pestcontrol industry," contends the analyst. He sees a buying opportunity at current share levels and maintains an Outperform rating on ServiceMaster.
11/21/19
JEFF
11/21/19
INITIATION
Target $43
JEFF
Buy
ServiceMaster initiated with a Buy at Jefferies
Jefferies analyst Hamzah Mazari initiated coverage of ServiceMaster with a Buy rating and $43 price target.
11/21/19
JEFF
11/21/19
INITIATION
JEFF
Jefferies initiates Diversifed Services sector
Jefferies analyst Hamzah Mazari initiated select names across Diversified Services as part of his broader research note covering the Business Services industry. The analyst has a Buy rating on Cintas (CTAS) with a $308 price target, Bright Horizons (BFAM) with a $177 price target, BrightView (BV) with a $23 price target, and ServiceMaster (SERV) with a $43 price target. Mazari likes the M&A potential and employment decoupling at Cintas, revenue growth visibility and cross selling opportunity at Bright Horizons, low organic growth expectations and free cash flow potential at BrightView, and underappreciated international growth opportunity at ServiceMaster. The analyst also rates Aramark (ARMK), H&R Block (HRB), and Rollins (ROL) at Hold with respective $49, $28, and $38 price targets, noting that Aramark expectations are "too high" on activist involvement, H&R Block suffers from lack of catalysts, and Rollins' M&A potential appears to be "baked in" to its valuation.

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