Wunderlich Securities maintained its Stericycle SRCL Hold rating and $80 price target in a research report published today.
In the report, Wunderlich Securities states, "SRCL delivered strong 4Q10 results with revenues exceeding expectations on a upward swing in returns management revenues. SRCL now controls 35%-45% of the domestic collection market and more than 50% of the domestic small quantity generator (SQG) 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."
Shares of Stericycle were at $84.59 at the time of posting, up 6.97% from Thursday's market close.
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