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Investing.com - Truist Securities has reiterated its Buy rating on Clean Harbors (NYSE:CLH) with a price target of $250.00, aligning with the broader Wall Street sentiment. According to InvestingPro data, the company maintains a strong "GOOD" financial health rating, with 7 analysts recently revising their earnings expectations upward.
The firm expressed increased optimism about hazardous waste pricing for Clean Harbors, despite softness commentary from Republic Services during second-quarter earnings and the Kimball expansion. The company’s solid financial position is reflected in its healthy current ratio of 2.45, indicating strong liquidity to support operations.
According to Truist Securities, Clean Harbors management has been cautious about specifying timing for an industrial upcycle.
The company noted potential upside from deferred turnarounds in the industrial sector.
Management is also working on internal improvements to boost margins in its Industrial Services segment, Truist Securities reported.
In other recent news, Clean Harbors reported its second-quarter earnings for 2025, which showed a slight miss in both earnings per share (EPS) and revenue compared to forecasts. The company’s EPS was $2.36, just below the expected $2.38, while revenue reached $1.55 billion, falling short of the $1.59 billion forecast. Despite these results, BMO Capital raised its price target on Clean Harbors to $268 from $264, maintaining an Outperform rating. BMO Capital highlighted the company’s commendable performance in the second quarter of 2025, despite challenges from tariff-related uncertainty and sluggish industrial activity. These developments reflect the ongoing adjustments and expectations surrounding Clean Harbors’ financial performance and market evaluations.
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