Wunderlich Securities Raises SRCL PT To $85

Wunderlich Securities has issued a report raising the Price Target on Stericycle Inc. SRCL. to $85 a share. According to the report, "SRCL delivered solid 1Q11 results with revenues exceeding expectations on increased acquisitions and stronger returns management revenues. SRCL now controls as much as 50% of the domestic collection market and more than 50% of the domestic small quantity generator (SQG) market." SRCL has a Hold Rating and closed at $94.29 a share yesterday.