Wunderlich Securities Maintains Hold Rating, $80 PT On SRCL

Wunderlich Securities is maintaining its Hold rating and $80 price target on Stericycle

. “In 4Q10, we are expecting an in-line quarter with strong year-over-year growth driven again by acquisitions,” Wunderlich Securities writes. “SRCL now controls 35%-45% of the domestic collection market and more than 50% of the domestic small quantity generator (

) market. “As acquisition growth slows, domestic growth should begin to regress toward the industry's expected long-term average of 5.0%-6.0%. Offsetting the slower customer growth is the sale of ancillary services to existing customers – like Steri-Safe.” Stericycle closed Monday at $78.49.