Ecolab price target raised to $180 from $175 at JPMorgan

JPMorgan analyst Jeffrey Zekauskas raised the firm’s price target on Ecolab to $180 from $175 and keeps an Overweight rating on the shares. The analyst expects alterations in Ecolab’s strategy of managing its Institutional business in the direction of increased efficiency or cost reduction. He would not be surprised to see a series of restructuring efforts designed to address longer-term profit issues and increased estimates to reflect expected operational changes.