UPDATE: Wedbush Raises Clean Harbors' PT

According to a research report published this morning, Wedbush has increased Clean Harbors'

PT from $75 to $77. In the report, Wedbush commented, "With an expanded footprint, CLH is expected to invest $100 million in growth capex during 2012, including landfill expansion, energy services, including equipment rental, and support services such as lodging and drill camps. In 2012, we look for management to reduce its working capital investment from past acquisitions and deliver $100+ million in FCF." Wedbush maintains its Outperform rating on Clean Harbors, which closed yesterday at $65.07.