DIS - Rentokil Initial: Trian's Investment Adds To Growth Initiative (Rating Upgrade)
2024-06-14 11:14:28 ET
Summary
- Rentokil Initial's stagnant stock got a 14% fillip from activist investor Nelson Peltz's investment a few days ago.
- The investment comes at a time when it has a growth plan in place for its important North American market, while it continues integration with Terminix post the 2022 acquisition.
- Even if it weren't to see any fruits from either Peltz's investment, its growth plan, or integration, however, the stock's forward non-GAAP P/E still isn't bad, indicating the potential upside.
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Rentokil Initial: Trian's Investment Adds To Growth Initiative (Rating Upgrade)