Needham & Company Maintains Buy, Cuts PT on Clean Harbors (CLH)

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Today Needham & Company maintained a Buy rating on Clean Harbors (NYSE: CLH) but cut their price target to $68.00 (from $74.00).

“We view CLH’s 2Q miss as a very temporary speed-bump attributable to external factors that were not necessarily operational issues or natural demand factors. With all service groups seeing healthy demand trends, we expect business to recover quickly and EBITDA expansion to continue,” said analyst Sean K.F. Hannan.

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 $55.39 yesterday, with a 52 week range of $45.05-$71.63.

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