Wedbush Maintains Outperform on Clean Harbors

Wedbush is out with its report today on Clean Harbors (NYSE: CLH), maintaining Outperform.

In a note to clients, Wedbush writes, "We are reaffirming our positive stance on shares of Clean Harbors, which remains a component of Wedbush's Best Ideas List, ahead of the company's anticipated closing of the Peak Energy Services acquisition this Friday. Given the Peak's shareholder approval of the deal on May 25, recent debt financing, and CLH's strong acquisition track record, we remain confident that the integration process will drive over $10 million in operational and back office synergies."

Wedbush maintains a $124 PT on CLH.

Shares of CLH closed Wednesday at $98.19.