Clean Harbors price target raised to $316 from $310 at Oppenheimer

Oppenheimer analyst Noah Kaye raised the firm’s price target on Clean Harbors (CLH) to $316 from $310 and keeps an Outperform rating on the shares. The firm notes shares traded down following the company’s Q1 beat-and-raise, likely reflecting the run-up into earnings, anticipated strength in energy-linked business lines, and risk-on market rotation dynamics. In addition to noting the atypicality of Clean Harbors raising guidance during Q1, Oppenheimer sees drivers for further positive revisions.