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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100