Oppenheimer lowered the firm’s price target on Service Corp. (SCI) to $86 from $92 and keeps an Outperform rating on the shares. The firm notes Q1 adjusted EPS of 96c topped its estimate/consensus. Service Corp. indicated the growth stemmed from “strong performance in Funeral segment with year-over-year increases in the number of services performed and average revenue per funeral along with growth in general agency revenue.
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