UPDATE: Bank of America Reinstates Stericycle's Rating and PO

According to a research report published this morning, Bank of America has reinstated Stericycle's

Buy rating and $98 PO. In the report, Bank of America commented, "SRCL is the leading provider of medical waste collection, treatment, and disposal services. Its extensive global infrastructure serves as an effective platform for an expanding portfolio of ancillary provider solutions, including compliance training, sharps management, and communications. Unprecedented industry changes fueling health care utilization, a more profitable customer mix, and broader services implementation should complement its geographic expansion and acquisition strategy to drive annual EPS growth of ~15% over the next few years." Stericycle closed yesterday at $86.60.