Ecolab price target raised to $227 from $212 at BMO Capital

BMO Capital analyst John McNulty raised the firm’s price target on Ecolab to $227 from $212 and keeps a Market Perform rating on the shares. The company reported a “solid” Q4 coming in just above expectations on pricing, falling raw material costs, and market share gains, the analyst tells investors in a research note. The stock also squeezed the shorts with an 8%-9% move in a down tape as Ecolab is starting to fire on more cylinders , the firm added.