Clean Harbors initiated with bullish view at Wells Fargo, here’s why

Wells Fargo analyst John Mazzoni initiated coverage of Clean Harbors with an Overweight rating and $190 price target. The company has an “underappreciated growth story” with multiple ways to win through further industry consolidation, emerging PFAS treatment opportunity, additional capacity coming to market from captives, and “ample self-help bridging to Vision 2027,” the analyst tells investors in a research note. The firm says Clean Harbors has a leading market position within the broader hazardous waste landscape.