$CLH

Clean Harbors Inc. reports Q3 earnings, with analysts expecting $3.22 EPS on $1.73B revenue. The stock trades near its 52-week high, with a consensus price target of $365. Investors focus on Safety-Kleen's performance, capital deployment, and volume trends in the Environmental Services segment.

Analysts made several calls on Wednesday. Morgan Stanley reiterated Netflix as overweight, lowering its price target but noting double-digit revenue growth. SpaceX was also reiterated as overweight by Morgan Stanley, with Citi adding a positive watch. UBS reiterated Apple as neutral, citing lower wait times for foldable iPhones. Piper Sandler upgraded DigitalOcean to overweight, while TD Cowen downgraded Chipotle to hold.

Wall Street analysts issued updates on multiple companies. Upgrades include Intuitive Surgical (ISRG) to Buy, Northrop Grumman (NOC) to Outperform, and Zoom (ZM) to Outperform. Downgrades include Chipotle (CMG) to Hold, Cirrus Logic (CRUS) to Underweight, and Netflix (NFLX) to Hold. Initiations include Applied Digital (APLD) with a Buy rating, Costco (COST) with an Outperform rating, and Robinhood (HOOD) with a Buy rating.

UBS upgraded Clean Harbors (CLH) to Buy, raising its price target to $375 from $325, citing potential earnings upside and improving fundamentals. The stock trades at 13x fiscal 2028 EV/EBITDA, with UBS estimating 5% above-consensus EBITDA per share. Clean Harbors reported Q2 EBITDA of $409M, up 22% YoY, with multiple analysts raising price targets. The company is scheduled to report Q3 2026 results on Oct. 28, 2026.

Analysts updated ratings and price targets for several companies. Barclays downgraded Cirrus Logic (CRUS) to underweight, reducing its target to $95. UBS upgraded Clean Harbors (CLH) to buy, raising its target to $375. Fortinet (FTNT) was downgraded to sell by Arete Research, which increased its target to $117. GE Aerospace (GE) was downgraded to neutral by President Capital Management, cutting its target to $330.

Clean Harbors (CLH) reported $1.74B revenue, up 11.9% YoY, beating estimates. Onterris (ONT) reported $186.7M revenue, down 20.4% YoY, missing estimates. Waste Connections (WCN) reported $2.56B revenue, up 6.4% YoY, slightly beating estimates. Waste Management (WM) reported $6.68B revenue, up 4% YoY, meeting expectations. Stocks reacted accordingly to the results.

TD Cowen raised its price target for Clean Harbors (NYSE:CLH) to $390, citing strong performance and potential tailwinds. The stock has gained 35% year-to-date. Analysts highlight volume growth and the Safety-Kleen Sustainability Solutions segment exceeding guidance. Other firms, including Needham and BofA, also raised their targets.

Clean Harbors (CLH) reported recycling 250 million gallons of used oil and solvents in 2025, treating 90 million gallons of wastewater, and responding to 21,000 emergency events. The company expanded its CleanFuel™ and E-Waste platforms, and achieved milestones in managing PFAS chemicals. CLH serves Fortune 500 companies and offers hazardous waste management, emergency response, and recycling services.

Clean Harbors (CLH) completed acquisitions of EnviroServe and ES&H for $775M. The deals, funded via cash and debt, add $340M in annual revenue and $87M in Adjusted EBITDA, with a post-synergy multiple of 8.9X. EnviroServe expands waste handling, while ES&H strengthens emergency response in the Gulf region, according to the company.

Clean Harbors issued $600M in 6.250% senior notes due 2034. Proceeds will fund the EnviroServe acquisition and repay revolver borrowings from the ES&H acquisition. The notes include customary covenants and redemption options.