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Fly News Breaks for November 9, 2017
SRCL
Nov 9, 2017 | 07:18 EDT
Stifel analyst Michael Hoffman said Stericycle's Q3 results are better than a first glance made them appear, adding the company may have held out an "olive branch" by saying it would evaluate its portfolio carefully and sell non-core businesses as early as 2018 before implementing its ERP rollout and business restructuring. Hoffman lowered his price target on Stericycle shares to $85 from $95 following the report but keeps a Buy rating on the stock.
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