Wunderlich Securities Reiterates Buy And PT Of $112 On Clean Harbors (CLH)

Wunderlich Securities reiterated its Buy rating on Clean Harbors (NYSE: CLH) in a research report published today. Its price target on Clean Harbor remained unchanged at $112 as well.

In the report, Wunderlich states, "We reaffirm our Buy rating and price target of $112 on shares of Clean Harbors, Inc. (CLH). The Environmental Group is characterized by high fixed costs – thus lots of operating leverage. Couple that with extended cold weather in Canada and the Energy & Industrial group revenues were well above plan and expectations, and the result was a strong 1Q11 earnings beat. More to the point, the guidance raised above the upper-end of the previous guidance only reflects the 1Q results not the carry forward of that performance into the remaining three quarters."

In Wednesday's trading, Clean Harbors' shares gained 4.1% to close the day at $101.89.