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Fly News Breaks for September 7, 2016
SRCL
Sep 7, 2016 | 08:02 EDT
Jefferies analyst Sean Dodge lowered his price target for Stericycle to $112.50 after traveling with the company's CEO Charlie Alutto. The analyst estimates the total revenue drag from lower SQ pricing to be $70M-$73M, spread over a four year period. He views SQ pricing and volatility in non-core businesses as the biggest overhangs. Dodge notes that the impact of lower pricing is already fully reflected in Stericycle's outlook. The analyst keeps a Buy rating on the shares.
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