UPDATE: Stifel Nicolaus Initiates Buy, $103 PT on Stericycle - Stericycle (NASDAQ:SRCL)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Stifel Nicolaus initiates a Buy rating and $103 price target on Stericycle (NASDAQ: SRCL) based on a relatively non-cyclical growth story for the company on collection of hazardous and regulated medical waste.Stifel Nicolaus notes, "Our $103 target price assumes that the company will achieve the average EV/EBITDA and forward P/E valuations that it has achieved over the past five years as the company continues to execute since we do not expect the company's prospects to diminish over the near term....Stericycle is the largest player in an otherwise very fragmented niche market where route density is key."SRCL closed at $84.30 a share on Monday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!