TD Cowen analyst James Schumm has reiterated their bullish stance on CLH stock, giving a Buy rating yesterday.
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James Schumm has given his Buy rating due to a combination of factors that highlight Clean Harbors’ promising outlook. The company delivered a solid performance in the second quarter, maintaining its full-year guidance despite challenges in the manufacturing and industrial waste sectors. This resilience, along with positive commentary on business health, supports confidence in the stock’s potential.
Furthermore, the strategic initiatives such as the ramp-up of the Kimball incinerator and the de-risking of SKSS contribute to an attractive valuation. The longer-term benefits from reshoring and PFAS developments also provide favorable conditions for growth. These elements collectively reinforce the Buy rating, as Clean Harbors is well-positioned to capitalize on these opportunities.
In another report released yesterday, Needham also reiterated a Buy rating on the stock with a $255.00 price target.