TD Cowen initiated coverage of Clean Harbors (CLH) with a Buy rating and $325 price target Clean Harbors has a dominant position in hazardous waste and its “moat will widen” with further acquisitions, which should boost pricing and margins, the analyst tells investors in a research note. The firm says the reshoring of U.S. manufacturing activity is expected to spur volume growth and the “nascent PFAS regulations provide another tailwind.” While the company’s “Vision 2027” targets may prove “too lofty,” consensus estimates are almost 30% lower and are likely too conservative, contends TD.
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Read More on CLH:
- Clean Harbors raises Safety-Kleen used oil price and service stop fees
- Clean Harbors price target raised to $280 from $260 at Truist
- Clean Harbors price target lowered to $273 from $281 at BMO Capital
- Clean Harbors price target lowered to $285 from $300 at Baird
- Clean Harbors Reports Strong Q3 2024 Growth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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