UPDATE: Goldman Sachs Downgrades Republic Services on Valuation

In a report published Thursday, Goldman Sachs analyst Alex Ovshey downgraded the rating on Republic Services (NYSE: RSG ) from Buy to Neutral, but reiterated the $36.00 price target. In the report, Goldman Sachs noted, “We downgrade RSG shares to Neutral from Buy as we believe 2014 consensus EPS forecasts