UPDATE: Credit Suisse Downgrades Clean Harbors on Greater Cyclicality, Higher Capex Intensity

In a report published Tuesday, Credit Suisse analyst Hamzah Mazari downgraded the rating on Clean Harbors (NYSE: CLH ) from Outperform to Neutral, but reiterated the $62.00 price target. In the report, Credit Suisse noted, “We are downgrading CLH shares to Neutral because of greater cyclicality and higher capex intensity