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Fly News Breaks for February 3, 2017
SRCL
Feb 3, 2017 | 13:55 EDT
Jefferies analyst Sean Dodge attributes the weakness in Stericycle shares today to a competitor's research note highlighting an amended complaint filed in a pricing-related class action lawsuit against the company. However, he believes the allegations lack merit and notes that similar lawsuits have been filed before against Stericycle and all ended with settlements. Dodge, who thinks the long-term impact to Stericycle from the suit will be minimal, keeps a Buy rating on the stock.
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