Ecolab price target raised to $195 from $175 at Wells Fargo

Wells Fargo analyst Seth Weber raised the firm’s price target on Ecolab to $195 from $175 and keeps an Overweight rating on the shares. The firm notes the stock was up +3.3% on another quarter with evidence that pricing is having a positive effect. With expense savings to ramp through the year and input costs headwinds likely to moderate year-over-year, Wells likes the set-up into 2024, even if volumes remain muted.