SRCL - Why Stericycle Stock Rebounded 13% in September
Shares of Stericycle (NASDAQ: SRCL) rallied 13.5% in September, according to data provided by S&P Global Market Intelligence. Driving up shares of the medical waste disposal specialist was some positive commentary by an analyst.
Stericycle's management team met with analysts last month to discuss the progress of the company's turnaround strategy. An analyst at Stifel came away so impressed that the firm added Stericycle's stock to its "Select List" in place of competitor Clean Harbors. Stifel's analyst has increasing confidence in the company's prospects after meeting with its CEO and CFO over dinner. The analyst believes they can make the right move to streamline the company's portfolio of businesses to a core focused on the North American and European markets.
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