Rentokil Initial: Excessive Derating But Still Unattractive Risk/Reward, Hold (NYSE:RTO)
bluecinema/E+ via Getty Images We provide our follow-up note on Rentokil Initial (NYSE:RTO) (OTCPK:RKLIF), a British services group focused on pest control and hygiene, with a Hold rating. We appreciated the underlying fundamentals while seeing no attractive valuation upside. Since our note, the stock has lost more than 28% of its value as a result…