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Fly News Breaks for August 1, 2019
Aug 1, 2019 | 07:17 EDT
Oppenheimer analyst Noah Kaye upgraded Clean Harbors to Outperform from Perform, with an $88 price target on the shares. The analyst notes that the company beat Q2 adjusted EBITDA/EPS consensus on continued margin expansion while raising fiscal year adjusted EBITDA/free cash flow guidance midpoint above the Street. Kaye believes Q2 results and commentary provide evidence that Clean Harbors can still generate healthy margin expansion in a low-growth environment, and that consistent execution along with potential catalysts can support another leg up for the shares.
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