Goldman Sachs Resumes Clean Harbors (CLH) at Neutral On Valuation
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Price: $318.02 -1.22%
Rating Summary:
22 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
22 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs resumes coverage on Clean Harbors (NYSE: CLH) with a Neutral rating and $55 price target.
The firm said while they like the company's leadership position in hazardous waste and increased leverage to energy/industrials longer-term, they think the stock could underperform near-term as industrial growth slows. At 7.4X NTM EBITDA (vs. 5.4X, on average for the past 10 years), Goldmaan believe valuation is reasonable.
For more ratings news on Clean Harbors click here and for the rating history of Clean Harbors click here.
Shares of Clean Harbors closed at $49.32 yesterday.
The firm said while they like the company's leadership position in hazardous waste and increased leverage to energy/industrials longer-term, they think the stock could underperform near-term as industrial growth slows. At 7.4X NTM EBITDA (vs. 5.4X, on average for the past 10 years), Goldmaan believe valuation is reasonable.
For more ratings news on Clean Harbors click here and for the rating history of Clean Harbors click here.
Shares of Clean Harbors closed at $49.32 yesterday.
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