Stifel downgraded Stericycle (SRCL) to Hold from Buy with a price target of $62, down from $75, and removed the stock from the “Stifel Select List” after Waste Management (WM) announced an agreement to acquire Stericycle for $62 per share in cash. The firm, which maintains its Buy rating and $227 target price on Waste Management, does not foresee the company running into any HSR approval issues.
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