CLH - Clean Harbors Stock: Time For A Downgrade After A Miraculous Run

2024-06-25 14:42:01 ET

Summary

• Clean Harbors, Inc. focuses on hazardous waste disposal and oil recycling, with shares up 29.1% since the last recommendation.
• Revenue and profitability have increased, but the stock is now fully valued, leading to a downgrade to "hold."
• Management expects growth in 2024, but the stock appears fully valued despite being cheaper than comparable firms.

One of my most successful calls over the past few years has been Clean Harbors, Inc. ( CLH ). For those not familiar with the company, it focuses on dealing with hazardous waste disposal throughout parts of North America. It engages in activities like the collection, recycling, and re-refining of used oil as well....

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