BMO Capital analyst Jeffrey Silber raised his price target on Overweight-rated Waste Management (WM) to $98 from $93 and on Clean Harbors (CLH) to $78 from $71 as part of his broader sector research note previewing their Q3 results titled "Great Time to be a Waste Company". The analyst notes that the solid waste sector is very well positioned in the current environment of positive housing starts trends and increasing inflation, benefiting companies like Waste Management and Waste Connections (WCN). Silber adds that Clean Harbors stands to benefit from the accelerated U.S. industrial activity, stating that it is also his preferred choice from additional growth opportunities such as oil recycling and lower valuation.

Sees Q2 adjusted EBITDA $715M-$723M. Comments taken from Q1 earnings conference call.