Clean Harbors price target raised to $320 from $292 at Raymond James

Raymond James raised the firm’s price target on Clean Harbors (CLH) to $320 from $292 and keeps a Strong Buy rating on the shares. Clean Harbors’ trends remain solid despite uncertainty in industrial and base oil markets, with potential upside from improving industry dynamics, pricing, and margins, as well as incremental M&A or buybacks, the analyst tells investors in a research note. The company is also well positioned to benefit from new PFAS regulations, which should drive increased environmental clean-up and contaminant destruction activity across its Field and Technical Services segments, the firm sa ys.