Analysts Offer Insights on Materials Companies: and Ecolab (ECL)

There’s a lot to be optimistic about in the Materials sector as 1 analysts just weighed in on and Ecolab (ECLResearch Report) with bullish sentiments.

Ecolab (ECL)

Deutsche Bank analyst David Begleiter reiterated a Buy rating on Ecolab on March 9 and set a price target of $210.00. The company’s shares closed last Wednesday at $180.40.

According to TipRanks.com, Begleiter is a 5-star analyst with an average return of 12.3% and a 68.2% success rate. Begleiter covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for Ecolab with a $202.83 average price target, a 12.1% upside from current levels. In a report issued on March 11, Barclays also maintained a Buy rating on the stock with a $185.00 price target.

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