Clean Harbors Isn't A Clean Enough Prospect To Justify An Upgrade

2026-03-08 22:19:48 ET

Whenever I rate a company a ‘hold,’ I am making the claim that the stock should perform along the lines of the broader market for the foreseeable future. I would say that my call to downgrade Clean Harbors ( CLH ) from a ‘buy’ to a ‘hold’ when I last wrote about it back in June of 2024 ended up being successful in this regard. Since that time, the hazardous waste disposal and oil recycling company has seen its share price jump 25.7%. That's only a little worse than the 27% rise that the S&P 500 experienced over the same window of time. This follows the time during which, while I was bullish about the business, the stock rose 89%, eclipsing the 17.3% rise of the broader market....

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