Needham & Company Remain Bullish on Clean Harbors (CLH) Following Field Checks

Needham & Company maintain a Buy rating and $65.00 price target on Clean Harbors (NYSE: CLH) after digging into CLH's various activities within business segments. Analyst Sean Hannan continues to be optimistic on CLH's prospects for improving fundamentals.

Hannan commented on CLH, saying, "Since CLH’s earnings call just a few weeks ago, we’ve spent time digging deeper into various activities within business segments. In the big picture, we continue to be optimistic on CLH’s prospects for improving fundamentals in most of its core business (Tech Svcs, Indus & Field Svcs), SK, and re-refined oil through the course of 2015 and into 2016. While Lodging and O&G remain drags to performance at present, we believe trough periods are roughly established and the segments are at least seeing stability. Overall, we remain comfortable with CLH's EBITDA guide for '15 and reiterate our Buy."

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 $56.84 yesterday.

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