Clean Harbors price target raised to $283 from $237 at Oppenheimer

Oppenheimer analyst Noah Kaye raised the firm’s price target on Clean Harbors (CLH) to $283 from $237 and keeps an Outperform rating on the shares. The firm notes shares of Clean Harbors have rerated over the past month, with valuation receiving support from recent industry M&A and broader cyclical rotation. Oppenheimer sees fundamental catalysts as a more likely driver to support shares from here. To this, multiple potential catalysts present for 2026, including constructive PFAS disposal guidance, deployment of dry powder for M&A, and broader industrial recovery as upside to initial conservative outlook.