UPDATE: Bank of America Merrill Lynch Upgrades Stericycle to Neutral

Bank of America Merrill Lynch is out with its report today on Stericycle SRCL, upgrading SRCL from Underperform to Neutral. In a note to clients, Bank of America Merrill Lynch writes, "We are upgrading SRCL from Underperform to Neutral given fewer concerns regarding competitive pressures from Waste Management WM, which should mitigate potential market share shifts and margin degradation that we had been concerned about." Bank of America Merrill Lynch raises PT on SRCL from $82 to $88. Shares of SRCL closed Friday at $84.90, down 1.37% from Thursday's close.