Jefferies Initiates Stericycle, Inc With Buy (SRCL)

Jefferies analysts Richard Close, Sean Dodge, and Dana Hambly initiated coverage of Stericycle, Inc. (NASDAQ: SRCL) with a Buy rating.

Stericycle provides regulated waste management services to institutions such as hospitals, pharmaceutical companies, and other generators of regulated waste.

The analysts said, "SRCL is a true market leader with several growth avenues including geographic expansion from acquisitions, up-selling higher margin services to existing clients, and continued revenue mix shift to higher-margin small-quantity (SQ) accounts. Stable execution provides safety in a jittery market."

Jefferies gave Stericycle an $80.00 price target.

Stericycle is currently trading at $65.88. Its market cap is $5.58 billion.

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