Rentokil Initial PLC (RTO) saw its stock price soar by 5.01% during intraday trading on Thursday, reflecting a significant positive movement in the market.
The surge appears to be driven by an analyst upgrade from UBS. Analyst Nicole Manion upgraded Rentokil Initial from Neutral to Buy and raised the price target to 540 GBp from 430 GBp, indicating strengthened confidence in the company's prospects.
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