Analyst James Ricchiuti of Needham reiterated a Buy rating on Clean Harbors (CLH – Research Report), reducing the price target to $255.00.
James Ricchiuti has given his Buy rating due to a combination of factors including Clean Harbors’ strong start to 2025, despite facing weather-related challenges. The company exceeded expectations for the first quarter’s adjusted EBITDA, driven by continued strength in its Environmental Services segment and improved performance from SKSS.
Furthermore, the company has maintained an optimistic outlook, with no indications of a slowdown typically linked with broader economic challenges. Clean Harbors has reiterated its guidance for the full year and is well-positioned to handle a potentially tougher macroeconomic environment. The company’s leading role in hazardous waste processing and high-value environmental services underscores its robust market position.
In another report released on April 22, Truist Financial also maintained a Buy rating on the stock with a $250.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLH in relation to earlier this year.