Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Oppenheimer lowered its price target on Clean Harbors (NYSE:CLH) to $237.00 from $256.00 on Thursday, while maintaining an Outperform rating on the stock.
The price target reduction follows Clean Harbors’ third-quarter 2025 results, which missed consensus estimates due to softness in Industrial Services and Field Services segments, along with elevated healthcare costs.
Clean Harbors also announced a multi-year capital investment program within its Safety-Kleen Sustainable Solutions (SKSS) division, which Oppenheimer noted may have contributed to the sharp decline in share price as it diverged from investors’ capital allocation preferences.
Despite the challenges, Oppenheimer highlighted positive performance in the company’s Technical Services division, which showed mid-single-digit price growth and strong volumes, with the Kimball facility ramping up well. The Safety-Kleen Environmental Services segment also continues to outperform industrial end-markets.
Oppenheimer projects that Clean Harbors will generate over $1 billion in free cash flow over the next two years, providing "ample dry powder" for share buybacks and potential acquisitions focused on Technical Services, Safety-Kleen Environmental Services, and Field Services segments.
In other recent news, Clean Harbors reported its third-quarter earnings for 2025, which did not meet analyst expectations. The company announced an earnings per share of $2.21, falling short of the projected $2.40. Revenue for the quarter was $1.55 billion, slightly below the anticipated $1.57 billion. In another development, Raymond James lowered its price target for Clean Harbors to $270 from $277, while maintaining a Strong Buy rating. The firm highlighted an uncertain industrial and base oil backdrop but acknowledged that overall trends for the company remain solid. These updates reflect recent developments concerning Clean Harbors.
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