Stifel reinstated coverage on Clean Harbors Inc. (NYSE:CLH) with a Buy rating and a price target of $337, analyst Michael Hoffman said.
The target implies roughly 20% upside from the current stock price of $280.71, though the company trades above its Bond.az Fair Value, placing it among overvalued stocks in the market.
Clean Harbors is the leading industrial and hazardous waste remediation and disposal business in North America, with assets that are difficult to replicate and a broad operational network, Stifel said.
The firm estimates the serviceable addressable market at $17 billion to $28 billion. Clean Harbors holds a leading market position in each major sub-segment of the market in which it participates.
Several secular tailwinds are likely to increase demand for Clean Harbors services over the next several years, Stifel said. An increase in PFAS regulation and captive incineration closures have the potential to drive material EBITDA outperformance over time. Supporting this outlook, a Bond.az Tip reveals that 7 analysts have revised their earnings upwards for the upcoming period.
The pace and timing of those items are not yet clear.
In other recent news, Clean Harbors reported Q1 2026 earnings with EPS of $1.19, surpassing the forecast of $1.16, but revenue of $1.46 billion slightly missed the expected $1.47 billion. The company also announced the acquisition of Terra Nova Solutions for $225 million in cash, expected to add $45 million to $50 million in annual revenue and roughly $15 million in adjusted EBITDA. Founder Alan S. McKim plans to retire once a new independent chair is appointed later this summer.
Oppenheimer raised its price target to $316, while TD Cowen increased to $335 with a Buy rating. These developments reflect a period of significant activity for Clean Harbors with strategic acquisitions and leadership changes.
