Bill Gates Held This 'Garbage' Stock Since 2008 — And He's Still Buying
Bill Gates’ Cascade Investment fund has been on a major buying spree in this "garbage" stock.
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Barclays analyst William Grippin maintains Republic Services (NYSE:RSG) with a Equal-Weight and raises the price target from $233 to $240.
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Bill Gates’ Cascade Investment fund has been on a major buying spree in this "garbage" stock.
Republic Services (RSG) has gained 9.6% over three months, outperforming its industry and the S&P 500. The company's strong performance is driven by prudent pricing execution with 90 basis points of underlying margin expansion, increased acquisition investments targeting waste assets, and AI/digital initiatives expected to deliver $100M in annual savings by 2028. RSG also expanded its renewable natural gas operations and electric vehicle fleet.
UBS analyst Jon Windham maintains Republic Services (NYSE:RSG) with a Neutral and raises the price target from $233 to $235.