BUZZ-CIBC upgrades Republic Services to 'outperformer', raises PT

Reuters03-05

** CIBC Equity Research upgrades rating for garbage management firm Republic Services RSG.N to "outperformer" from "neutral"

** Brokerage has a positive view of waste sector in general, and expects it to benefit from increasing uncertainty around trade policy

** "If tariffs prove to be inflationary, the waste sector has proven its ability to pass this along through higher pricing" - brokerage

** Raises PT on RSG to $264 from $237, a 12% upside to stock's last close

** Also hikes PT for peer Waste Management WM.N to $247 from $227, a 7% upside to stock's last close

** YTD, S&P 500 Environmental and Facilities Services sub-index .SPLRCPROP up 12%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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