Clean Harbors' Financial Strength And Solid EBITDA Growth Signal Bullish Future: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Needham analyst James Ricchiuti has reiterated a Buy rating on Clean Harbors, Inc. (NYSE:CLH), raising the price target to $182 from $150. Ricchiuti believes that CLH's business is resilient and applauds its strong financial position. He predicts solid double-digit growth in adjusted EBITDA this year for the company's Environmental Services business. For FY23, the analyst raised the adjusted EBITDA estimate to $1.046 billion from $1.045 billion. CLH's shares are trading higher by 2.17% to $167.76.
July 07, 2023 | 5:42 pm
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Clean Harbors, Inc. (CLH) has received a reiterated Buy rating from Needham analyst James Ricchiuti, who also raised the price target to $182. The company's shares are trading higher by 2.17%.
The analyst's positive outlook on CLH, including a price target increase and a prediction of solid EBITDA growth, is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100