Imperial Capital Cuts Price Target on Clean Harbors (CLH) Following EPS Beat

Imperial Capital maintained an Outperform rating on Clean Harbors (NYSE: CLH), and cuts the price target to $62.50 (from $65.00), following 2Q15 results. Adjusted EBITDA of $163.1mn
exceeded Street's $138.1mn estimates. Adjusted EPS of $0.72 was well above Street's $0.51.

Analyst Scott Levine commented, "We are maintaining our Outperform rating on CLH shares and are lowering our one-year price target to $62.50 from $65. Our price target is 26% above the recent share price. CLH is a leading specialty waste company with a diverse service offering, and an attractive base of assets that drives competitive advantages across may of its businesses. While our views vary regarding each of CLH’s individual markets, we think the company’s overall financial performance should improve over the next few years, driven in part by a balanced and accretive capital deployment program."

For an analyst ratings summary and ratings history on Clean Harbors click here. For more ratings news on Clean Harbors click here.

Shares of Clean Harbors closed at $49.64 yesterday.

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