Wunderlich Securities Maintains Buy Rating and $65 PT on Clean Harbors
A report from Wunderlich Securities reiterates its Buy rating and $65 price target on Clean Harbors (NYSE: CLH).
The report states, “CLH had better-than-expected 2Q11 results and raised FY11 guidance to $315mm-$320mm in EBITDA and FCF of $60-$70mm. Despite lower energy prices, we believe that the high demand for drilling in Canada will continue and should benefit CLH's business in these markets, more in 4Q11 than 3Q11, but nonetheless."
CLH closed yesterday at $58.27.
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