Clean Harbors lifted by KeyBanc initiation

Shares of Clean Harbors (CLH +2.2%) rise after KeyBanc initiates the environmental/energy/industrial services provider at Buy with a PT of $74 (potential upside of 20% from yesterday's close).

Analyst Joe Box thinks CLH is represents a favorable risk/reward position due to 5 catalysts: "reset" expectations due to downward estimate revisions, upside potential to reduced expectations, comps improvement in challenged businesses, continued deal activity and Safety-Kleen acquisition synergies, and a long-term call option on petrochemical and LNG business expansion.

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