Needham & Company Reiterates a 'Buy' on Clean Harbors (CLH); Adjusting Estimates & PT
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Price: $58.02 -1.21%
Rating Summary:
10 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
10 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade CLH Now!
Needham & Company reiterates a 'Buy' on Clean Harbors (NYSE: CLH) price target of $64.00 (from $68.00).
Analyst, Sean K.F. Hannan, said, "Overall, we view CLH’s business as both healthy and well positioned as its Environmental Services business continues to see solid demand and its O&G business moves past some of its smaller operational disruptions in the first half of the year. With the O&G asset/package redeployments under way (although perhaps more linear through 4Q than we previously anticipated), we now expect a more heavily weighted December quarter."
FY12 EPS estimate lowered from $2.31 to $2.28. 3Q now $555M in revs. & $0.57, vs. prior $560M & $0.62.
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 $53.40 yesterday, with a 52 week range of $45.05-$71.63.
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Analyst, Sean K.F. Hannan, said, "Overall, we view CLH’s business as both healthy and well positioned as its Environmental Services business continues to see solid demand and its O&G business moves past some of its smaller operational disruptions in the first half of the year. With the O&G asset/package redeployments under way (although perhaps more linear through 4Q than we previously anticipated), we now expect a more heavily weighted December quarter."
FY12 EPS estimate lowered from $2.31 to $2.28. 3Q now $555M in revs. & $0.57, vs. prior $560M & $0.62.
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 $53.40 yesterday, with a 52 week range of $45.05-$71.63.
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