Morgan Stanley cuts target for Republic Services stock to USD 219

Published on 10/14/2026 at 12:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 4.43 billion, up 4.60 percent year over year. Republic Services stock costs EUR 197.10 on October 14, 2026.

Guidance and trading calendar

Morgan Stanley cut its Republic Services target from USD 232.00 to USD 219.00 on October 13, 2026.
Second-quarter revenue reached USD 4.43 billion, up 4.60 percent year over year.
Republic Services stock traded at EUR 197.10 at 12:49 p.m. CEST at Lang & Schwarz on October 14, 2026.

Neutraler weißer Müllwagen bei der Abholung einer Mülltonne im Morgenlicht — Republic Services (ISIN US76075R1059) sammelt Müll morgens mit neutralem weißen Lkw ohne Markenlogo, Illustration mit AI erstellt.

Republic Services (ISIN US7607591002) stock is tied to a USD 219.00 target after Morgan Stanley cut its previous USD 232.00 target on October 13, 2026, according to Markets Insider. The Equal Weight rating stayed unchanged, making the target revision the clearest current analyst signal for the waste-services company.

Morgan Stanley trims its target

The cut places the new USD 219.00 target below the previous USD 232.00 level, while Morgan Stanley said organic-growth weakness could remain a key concern in its earnings preview. The note also said debate about artificial-intelligence disruption was already reflected in current prices, according to Markets Insider.

What does the guidance imply?

Republic Services delivered USD 4.43 billion of revenue in the second quarter of 2026, up 4.60 percent year over year, while adjusted earnings per share rose 4.50 percent to USD 1.85 and exceeded the USD 1.81 consensus estimate. Management raised its full-year 2026 revenue guidance to USD 17.20 billion to USD 17.30 billion, according to TradingView.

The operating picture is mixed. Adjusted EBITDA margin held at 32.10 percent in the second quarter of 2026 even as revenue grew, while volume reduced total revenue by 1.60 percent. First-half 2026 operating cash flow reached USD 2.38 billion and adjusted free cash flow reached USD 1.58 billion, giving the company room to fund acquisitions and shareholder distributions.

Three dated Republic Services events

On August 6, 2026, Republic Services reported second-quarter adjusted earnings per share of USD 1.85 and raised its full-year outlook, as detailed in the Benzinga transcript. On September 29, 2026, the company set October 29, 2026, as the release date for third-quarter results, according to its investor release. On October 13, 2026, Morgan Stanley cut its target from USD 232.00 to USD 219.00.

Next dates carry the catalyst

Republic Services is scheduled to report third-quarter 2026 results after the market close on October 29, 2026, with a conference call at 5:00 p.m. ET, according to the company release. The next listed dividend payment date is October 15, 2026, while the earnings report remains the more material scheduled event for operating comparisons.

Trading stays near the annual floor

Republic Services was trading at EUR 197.10 at Lang & Schwarz on October 14, 2026, at 12:49 p.m. CEST. The primary listing is on the NYSE under ticker RSG, where the finance quote showed USD 219.91 on October 13, 2026, with a 52-week range of USD 196.41 to USD 233.42 and market capitalization of USD 67.7 billion.

The further course of trading is shown by the continuously updated real-time quote of Republic Services stock.