Enviri (NVRI) PT Raised to $13 at BMO Capital

BMO Capital analyst Devin Dodge raised the price target on Enviri (NYSE: NVRI) to $13.00 (from $9.00) while maintaining a Market Perform rating.

The analyst commented, "In our view, the demonstrated improvement in underlying financial performance is encouraging and there is improving visibility into Clean Earth achieving its 17% Adjusted EBITDA margin target. Notwithstanding the above, financial leverage remains elevated, which limits NVRI's ability to navigate unexpected bumps in the road.
We rate NVRI shares Market Perform but acknowledge the stock may appeal to small cap investors looking for exposure to the environmental services sector."

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