UBS has raised its price target for Rentokil Initial PLC from 370p to 390p after the company's third-quarter results showed better-than-expected stability in its North American pest control business. Organic growth in this segment held steady at 2.4% year-on-year, defying expectations of a slowdown. UBS upgraded its growth forecasts for the fourth quarter and 2027, citing improvements in commercial accounts and successful service upgrades. While more investment is needed to sustain profit growth, UBS views the current valuation as undervaluing Rentokil's North American operations, suggesting potential for a re-rating if momentum continues.
Rentokil's updated price target by UBS offers context for readers tracking industrials. For readers following Industrials-sector US stocks on Pluang, here is the market snapshot as of Oct 23, 2026 21:13 WIB: out of 135 priced stocks, 22 rose and 113 fell. Notable movers include FIX (Comfort Systems USA Inc) at USD 1,119.35 with a 1-day change of -12.51% and Pluang order activity showing 8% Sell / 92% Buy, BE (Bloom Energy) at USD 193.24 down 11.26% with 31% Sell / 69% Buy, and ENVX (Enovix Corporation) up 10.20% at USD 2.81 with balanced order activity and a typical hold time of 11 days.
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