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UPDATE: Stifel Nicolaus Raises PT to $117 on Stericycle Following Solid Q4

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Imperial Capital Initiates Stericycle With In-line

Stifel Nicolaus reiterated its Buy rating on Stericycle (NASDAQ: SRCL) and raised the price target from $102.00 to $117.00.

Stifel Nicolaus commented, "SRCL posted another solid quarter and raised guidance again. Revenue and EPS were ahead of estimates, though FCF came in within the expected range. We believe SRCL has largely completed the platform acquisitions it was making in the Patient Communications space that were weighing on company margins (they were declining), and margins have improved in each of the last two quarters."

Stericycle closed at $95.12 on Wednesday.

Latest Ratings for SRCL

DateFirmActionFromTo
May 2015Stifel NicolausMaintainsBuy
Mar 2015Imperial CapitalInitiates Coverage onIn-line
Nov 2014Bank of AmericaMaintainsBuy

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