Ecolab price target raised to $187 from $172 at Stifel

Stifel analyst Shlomo Rosenbaum raised the firm’s price target on Ecolab to $187 from $172 and keeps a Hold rating on the shares. The company “executed well” in Q1 and, from these results, the two main takeaways are there is continued momentum in the Institutional business unit’s improvement and Input costs are easing at a faster rate than anticipated, the analyst tells investors.