BMO Capital raised the firm’s price target on Enviri to $9 from $8.50 and keeps a Market Perform rating on the shares after the company’s Investor Day presentation. The discussion reinforced the firm’s view that Clean Earth is poised for attractive earnings growth from a mix of favorable industry fundamentals and self-help opportunities, the analyst tells investors in a research note. BMO warns however that while Enviri’s financial leverage is targeted to moderate over the intermediate-term, it is currently elevated, which limits the company’s ability to navigate “unexpected bumps in the road”.
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