Truist analyst Tobey Sommer raised the firm’s price target on Clean Harbors (CLH) to $325 from $310 and keeps a Buy rating on the shares ahead of its Q1 results. The firm is positive on the expected benefits to the company’s Safety-Kleen Sustainability Solutions segment and industrial Environmental Services volumes from oil price increases, the analyst tells investors in a research note. The sustained inflation gains could also drive pricing re-acceleration, but in several quarters’ time as backwards-looking linked contracts catch up, the firm added.
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