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Fly News Breaks for May 3, 2017
STE
May 3, 2017 | 05:08 EDT
KeyBanc analyst Matthew Mishan upgraded STERIS to Overweight from Sector Weight and established an $89 price target saying the company will benefit from the same positive industry trends as peers. The analyst said expectations have been lowered since the disappointing Q3 report and earnings on May 9 may be a catalyst for shares. He expects STERIS to benefit from near-term drivers that include Healthcare Specialty Services growth and margins, M&A in FY18 following divestitures, and sees upside as shares normalize to the group average.
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