Morgan Stanley cuts Republic Services stock target to USD 219.00

Morgan Stanley lowered its Republic Services target to USD 219.00 from USD 232.00 on October 13, 2026, while keeping an Equal Weight rating, according to Markets Insider. The new target is 1.73 percent below the USD 222.85 NYSE price shown for Republic Services at 9:32 a.m. ET on October 14, 2026. At Lang & Schwarz, the stock was trading at EUR 199.28 on October 14, 2026 at 3:30 p.m. CEST.

Revenue reaches USD 4.43 billion

Republic Services reported second-quarter revenue of USD 4.43 billion, up 4.60 percent year over year, according to Barchart. Adjusted earnings per share increased 4.50 percent year over year, while volumes declined 1.60 percent and higher fuel, labor and transportation expenses pressured margins.

The company also raised its 2026 outlook to revenue of USD 17.20 billion to USD 17.30 billion and adjusted diluted earnings per share of USD 7.23 to USD 7.28, Barchart reported. That combination gives the stock a fundamental counterweight to the lower Morgan Stanley target, but the source also described operating-cost pressure.

Stock remains below its yearly high

Republic Services traded between USD 196.41 and USD 233.42 over the 52-week period covered by the market quote, placing the NYSE price of USD 222.85 4.53 percent below the high. Its market capitalization was USD 68.3 billion, the price-to-earnings ratio was 31.15, and the dividend yield was 0.01 percent on October 14, 2026.

Finzer identifies Republic Services as RSG on the New York Stock Exchange and assigns ISIN US7607591002 to the company, while describing its business as environmental services covering waste collection, disposal and recycling. The company website says its services include residential, business and environmental solutions.

Results date is October 29

Republic Services is scheduled to report third-quarter 2026 results after the market closes on October 29, 2026. The company's investor-relations calendar lists a 5:00 p.m. EDT earnings conference call for that date, providing the next fixed checkpoint for revenue, margins and the full-year outlook.

Comparison with peers

Republic Services: plus 1.34 percent, P/E 31.15, market capitalization USD 68.3 billion

Waste Management (NYSE, USD): plus 0.96 percent, P/E 30.27, market capitalization USD 85.5 billion

Waste Connections (NYSE, USD): plus 1.02 percent, P/E 37.21, market capitalization USD 39.1 billion

Price and investor reference

Republic Services was trading at EUR 199.28 at Lang & Schwarz on October 14, 2026 at 3:30 p.m. CEST. The NYSE quote was USD 222.85, up 1.34 percent on October 14, 2026, while the Morgan Stanley target stood at USD 219.00. The further course of trading is shown by the continuously updated real-time quote of Republic Services stock.

Market context: Market report S&P 500.

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