Rollins (ROL) PT Lowered to $27 at Wells Fargo

Wells Fargo analyst Jason Hass lowered the price target on Rollins (NYSE: ROL) to $27.00 (from $32.00) while maintaining a Underweight rating.

The analyst comments "Underweight. Despite current lead volume headwinds, we believe ROL remains a best-in-class operator in a highly attractive pest control market. We expect lead volumes to remain strong in its relationship-driven and door-to-door businesses such as HomeTeam and Fox, and expect the business to reaccelerate longer term as its new lead-volume strategies begin to bear fruit. We're lowering our price target to $27 which reflects 21x our '27E EPS."

You May Also Be Interested In

• Evercore ISI Starts Butterfly Network (BFLY) at Outperform (correction)
• Wells Fargo Upgrades TCP Capital (TCPC) to Equal Weight
• Vail Resorts (MTN) PT Raised to $130 at Wells Fargo