Clean Harbors price target lowered to $278 from $280 at Raymond James

Raymond James lowered the firm’s price target on Clean Harbors (CLH) to $278 from $280 and keeps a Strong Buy rating on the shares. This quarter should largely play out with “limited fireworks” with a “meet and hold” type set up regarding Q2 and full year EBITDA, the analyst tells investors in a research note. Most in the firm’s waste coverage should hold their guides at an EBITDA level, but given the passage of the One Big Beautiful Bill and the impending impact from higher bonus depreciation, free cash flow guidance is likely to move higher.