Rentokil Initial PLC (LSE:RTO) could be poised for a recovery after years of disruption linked to its acquisition of US business Terminix, according to Panmure Liberum. The broker initiated coverage with a 'buy' rating and a 563p price target, saying the FTSE 100 group is the world's largest pest control company, with around 20% global market share and about 25% of the North American market, giving it scale advantages in an industry benefiting from long-term growth drivers including urbanisation, climate change and stricter hygiene standards.