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Fly News Breaks for August 23, 2019
Aug 23, 2019 | 06:53 EDT
Needham analyst James Ricchiuti resumed coverage of Clean Harbors with a Buy rating and a price target $86, citing the company's industry leading position in hazardous waste disposal and used-oil recycling. The analyst believes that the company will benefit from renewed investment in the U.S. petrochemical industry that is expected to bring new chemical plants on line in the U.S. Ricchiuti adds that changes in Clean Harbors' used-oil business should also yield "more stable" results even when oil prices are more volatile.