Clean Harbors initiated with "buy" - update

08/30/05 - Wedbush Morgan Securities

NEW YORK, August 30 (newratings.com) - Analysts at Wedbush Morgan initiate coverage of Clean Harbors (CLHB) with a "buy" rating. The target price is set to $29.

In a research note published this morning, the analysts mention that Clean Harbors' operating and net margins would improve going forward on account of the company's ongoing efforts to streamline its operations and debt refinancing. Clean Harbors' revenue growth would be driven by the company's expected geographic expansion in site services, Wedbush Morgan says.