Stifel reiterates Buy rating on Enviri after investor day

Prior to the open, Stifel reiterated a Buy rating and $13 price target on Enviri after the company announced three-year annual growth targets for revenue and AEBITDA in an investor day held on June 20 in Philadelphia. Based on the three-year plan, the firm believes there is “a clear disconnect between NVRI‘s current market valuation and its future potential value creation,” especially in the Clean Earth business, said the analyst, who sees attractive valuation upside. Shares of Enviri are up 75c, or 9%, to $9.11 in Friday afternoon trading.