10:30 AM EDT, 08/04/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
Following CLH's Q2 earnings release, we trim our 12-month target to $265 from $275, valuing shares at 28.7x our 2026 EPS outlook of $9.25 (down from $9.85; 2025 EPS forecast cut to $7.55 from $7.85), in line with CLH's long-term multiple average and Environmental & Facilities Services Peers. Our revised earnings forecasts reflect a more modest outlook for sales in 2025-2026, with Sustainability Solutions being a drag on near-term volume and pricing headwinds. CLH's larger Environmental Services business was a standout in Q2 (sales up 3% Y/Y, EBITDA growth of 5%), due to strong demand for disposal and recycling services. Despite a mixed second quarter and earnings growth for 2025 being weighted on the back half of the year, we anticipate earnings expansion to pick up in 2H amid additional margin gains. We maintain our Buy recommendation as we see continue to see upside for CLH at current levels.