BMO Capital analyst Jeffrey Silber raised his price target on Stericycle to $45 after its "mixed" Q4 results showing a revenue beat and margins below expectations. The analyst notes that the weakness in the company's Communications and Related Services segment was offset by improving growth trends in Information Destruction and improvement in the Regulated Waste segment. Silber is also positive on the message of Stericycle's new CEO Cindy Miller focusing on the company's core business returning to growth, but contends that it may take some time for that to materialize given the declines in organic revenues and keeps his Market Perform rating.

Completed previously disclosed workforce reduction in the first quarter of 2024 and are on track to realize an estimated $40-$45 million of in-year cost savings.