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Fly News Breaks for February 28, 2020
CLH
Feb 28, 2020 | 08:48 EDT
Goldman Sachs analyst Brian Maguire assumed coverage of Clean Harbors with a Neutral rating and $89 price target. While the company has a "differentiated franchise" in his Environmental Services coverage with high market share in "nichier" market segments than the solid waste names he covers, Maguire is concerned that Clean Harbors' recent level of multi-year margin expansion could be hard to maintain in an economic downturn, presenting risk that "2020 earnings could prove to be a mini-peak."
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