BUZZ-Rollins dips as Bernstein downgrades rating

Rollins, Inc.

Rollins, Inc.

ROL

0.00

** Shares of pest control services firm Rollins ROL.N slip 3% to $47.81

** Bernstein downgrades the stock to "market-perform" from "outperform", cuts PT to $52 from $70

** Downgrade follows the resignation of ROL CFO Ken Krause, "a central figure behind the company's potential margin transformation story"

** Brokerage notes resignation comes two weeks after ROL's Investor Day, after Krause laid out a detailed gross margin expansion roadmap for the first time

** Says margin expansion expectations were dependent on the CFO

** 12 of 19 brokerages rate the stock "buy" or higher, 7 "hold"; median PT is $67 - data compiled by LSEG

** Including session's moves, shares have declined ~20% YTD


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