Shares of ServiceMaster (SERV) rose Tuesday after an analyst upgraded the pest-removal, cleaning and home-services giant.
ServiceMaster's stock rose 0.9% to $55.94 after RBC Capital Markets raised its rating on the stock of the parent of Terminix, Merry Maids and Furniture Medic to outperform from sector perform.
RBC also raised its price target to what it called a Wall Street high $63 a share from $55, according to a Bloomberg report.
ServiceMaster's core businesses benefit from enduring demand and from customer retention of more than 80%, making the stock a buy when investors are anxious about trade and the global economic outlook, RBC analyst Seth Weber wrote.
For the second quarter, ServiceMaster reported net income of $59 million, or 43 cents a share, on an 8% increase in revenue to $560 million. Terminix led the way, with 10% revenue growth in the quarter, the Memphis company reported.