Clean Harbors price target raised to $220 from $210 at Stifel

Stifel raised the firm’s price target on Clean Harbors to $220 from $210 and keeps a Buy rating on the shares after having hosted CFO Eric Dugas and SVP/IR Jim Buckley for dinner with investors. The conversation was not about Q1, but instead focused on overall fundamentals of both segments, the PFAS opportunity and how Clean Harbors can structurally change the cash conversion of the company, says the analyst, who argues that “once the market acknowledges could lead to a re-rating of the shares.”