APi Group (APG) is likely to post strong organic growth rates in Q2, mainly driven by its specialty business, UBS Securities said in a Monday note.

UBS estimates the specialty business' organic growth to drop to more than 12% in Q2 from over 25% in Q1 due to tougher comparisons, according to the note. The company's safety services division, meanwhile, is likely to maintain above 5% in growth during the quarter, UBS added.

APi Group has little room to raise its 2026 outlook amid tougher H2 comparisons for its specialty business and a relatively flat organic growth from its safety services division, the brokerage said. UBS raised its 2026 organic growth forecast for the company to 6.4% from 6.2%, according to the note.

The company is set to release its Q2 results on July 30.

UBS cut its price target on APi Group to $52 from $56, with a buy rating.

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