Ecolab price target raised to $200 from $165 at Barclays

Barclays analyst Manav Patnaik raised the firm’s price target on Ecolab to $200 from $165 and keeps an Equal Weight rating on the shares. The company’s earnings growth in Q2 exceeded street expectations but the results were more in-line with constructive intra-quarter commentary and buy-side expectations, the analyst tells investors in a research note.