KeyBanc Starts Clean Harbors (CLH) at Buy

October 21, 2013 4:52 PM EDT
Get Alerts CLH Hot Sheet
Price: $53.59 +0.15%

Rating Summary:
    9 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc initiated coverage on Clean Harbors (NYSE: CLH) with a Buy rating and a price target of $74.00. Analyst Joe Box thinks the stock has favorable risk/reward and made note of inflecting internal and external factors. He made note of 5 catalysts for the stock. These include:

*Downward Estimate Revisions Imply “Reset" Expectations

*See Meaningful Upside Potential to Reduced Expectations

*Comps Begin to Improve for Challenged Businesses

*Continued Deal Activity, Incremental Safety-Kleen Synergies Should Drive Upside

*Petrochemical & LNG Expansion a Long-Term Call Option

For an analyst ratings summary and ratings history on Clean Harbors click here. For more ratings news on Clean Harbors click here.

Shares of Clean Harbors closed at $61.02 yesterday.

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