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Fly News Breaks for November 10, 2017
SRCL
Nov 10, 2017 | 08:54 EDT
BMO Capital analyst Jeffrey Silber lowered his price target on Stericycle to $62 and kept his Market Perform rating after a Q3 earnings miss that was driven by lower-than-expected revenues and margins, higher EMEA costs, and hurricanes impact. Silber adds the outlook was also mixed, anticipating core business efficiencies to offset some price headwinds and result in roughly flat earnings next year. Given the "various moving parts", the analyst says he remains "cautious" while reducing his price target estimates.
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