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Truist Securities reiterated its Buy rating and $250.00 price target on Clean Harbors (NYSE:CLH) stock Friday. The environmental services company, currently valued at $12.19 billion, maintains a strong financial health score of "GOOD" according to InvestingPro analysis.
The research firm expressed renewed confidence in sequential Safety-Kleen Sustainability Solutions (SKSS) recovery, driven by the shift to a charge-for position and the company’s capital allocation strategy.
Truist noted that Industrial Services still faces uncertainty in the second half of the year but remains bullish on Clean Harbors’ long-term ability to participate in domestic industrial onshoring.
The firm highlighted potential regulatory tailwinds for Clean Harbors’ PFAS (per- and polyfluoroalkyl substances) business as another growth avenue for the environmental services company.
Truist also pointed to Clean Harbors’ attractive valuation compared to the Solid Waste group as a factor in maintaining its positive outlook on the stock.
In other recent news, Clean Harbors Inc . reported its first-quarter 2025 earnings, revealing a mixed financial performance. The company exceeded expectations with earnings per share (EPS) of $1.09, slightly above the forecast of $1.07, but fell short on revenue, reporting $1.43 billion against an anticipated $1.45 billion. Despite the revenue miss, Clean Harbors maintained a solid adjusted EBITDA of $235 million, driven by growth in its environmental services segment. BMO Capital Markets raised its price target for Clean Harbors from $260.00 to $264.00, maintaining an Outperform rating due to strong demand, pricing power, and growth opportunities, particularly in the oil re-refining segment.
Additionally, Clean Harbors held its 2025 Annual Meeting of Shareholders, where five Class III members were elected to the Board of Directors. Shareholders approved the executive compensation on a non-binding advisory basis and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025. The company’s strong cash position, nearing $600 million, and solid balance sheet have been highlighted as positive factors for potential mergers and acquisitions. Clean Harbors is also expected to benefit from ongoing cleanup efforts related to per- and polyfluoroalkyl substances (PFAS) and the expansion of industrial capacity in the U.S., according to BMO Capital.
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