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Imperial Capital Cuts Price Target on Stericycle (SRCL) to $80; Reiterates Underperform

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Jefferies Cuts Price Target on Stericycle (SRCL) to $112.50; Reiterates Buy

September 7, 2016 7:43 AM EDT

Jefferies maintained a Buy rating on Stericycle (NASDAQ: SRCL), and cut the price target to $112.50 (from $125.00), after traveling with management. Based on management's comments, Jefferies estimates the total revenue drag from lower SQ pricing to be $70-73M, spread over a four year period.... More