Wells Fargo cuts Rollins stock price target on lead volume headwinds

Wells Fargo has lowered its price target for Rollins Inc. to $27 from $32, while maintaining an Underweight rating due to current lead volume headwinds, particularly in the residential sector. The stock is trading near its 52-week low and has declined significantly year-to-date. Despite this, Wells Fargo expects long-term reacceleration from new lead-volume strategies, and InvestingPro suggests the stock is undervalued.