Truist raised the firm’s price target on Stericycle to $57 from $50 and keeps a Hold rating on the shares. The company reported Q4 upside and issued normalized 2024 guidance, with operational efficiencies and workforce management set to drive 150bps of margin expansion to 17.5%, the analyst tells investors in a research note. Truist adds it would further “warm to the name” on improved free cash flow conversion and further demonstrated progress on targeted EBITDA.
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Read More on SRCL:
- Stericycle reports Q4 adjusted EPS 54c, consensus 47c
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- Stericycle to Present at Raymond James 45th Annual Institutional Investors Conference in March
- Stericycle price target raised to $50 from $45 at Truist
