RBC Capital Downgrades Stericycle to Sector Perform, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has downgraded Stericycle (NASDAQ:SRCL) from Outperform to Sector Perform and lowered its price target from $69 to $62.
June 04, 2024 | 12:47 pm
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RBC Capital has downgraded Stericycle from Outperform to Sector Perform and reduced the price target from $69 to $62, indicating a less optimistic outlook.
The downgrade from Outperform to Sector Perform and the reduction in the price target suggest that RBC Capital has a less optimistic view on Stericycle's future performance. This is likely to negatively impact the stock price in the short term as investors react to the revised outlook.
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