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Fly News Breaks for November 9, 2017
SRCL
Nov 9, 2017 | 07:19 EDT
RBC Capital analyst Gary Bisbee lowered his price target on Stericycle to $67 and kept his Underperform rating following Q3 earnings miss. Bisbee says the company's Manufacturing and Industrial segment continues to limit its overall growth, adding that Regulated Waste business was also disappointing. The analyst notes that while the announcement of widespread restructuring is likely a long-term positive, it will take time to deliver results.
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