Piper Jaffray Starts Heritage-Crystal Clean (HCCI) at Buy

April 21, 2008 9:12 AM EDT

Piper Jaffray initiates coverage on Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) with a Buy rating and $20 price target.

The firm said, "Heritage Crystal Clean is a route-based service company that sells and services sinks which use solvent to clean dirty machine parts. The company also provides other hazardous waste management services to its light industrial and automotive client base. We believe Heritage Crystal Clean is well positioned for growth based on the company's high level of customer service and uniquely developed programs, which reduce clients' regulatory compliance burdens." [LJ]

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