Wunderlich Securities Reiterates Buy Rating, $80 PT on Clean Harbors
In a report published Wednesday, Wunderlich Securities reiterated its Buy rating and $80.00 price target on Clean Harbors (NYSE: CLH).
Wunderlich Securities noted, “Kleen completes the hazwaste customer profile. CLH has a market-leading position in servicing mid- and large quantity hazwaste generators. Safety-Kleen adds a significant market position in the small quantity generator market with its 150-plus branch network and more than 200,000 parts washers in service. SK is North America's largest re-refiner of used oil with ~60% share. In 2011, the Environmental Services segment collected approximately 200 million gallons of used oil. In FY11, the Oil Re-refining segment processed approximately 160 million gallons of used oil to produce high quality base and blended lubricating oils.”
Clean Harbors closed on Tuesday at $56.99.
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