Ecolab price target raised to $234 from $227 at BMO Capital

BMO Capital raised the firm’s price target on Ecolab to $234 from $227 but keeps a Market Perform rating on the shares after its Q1 results and above-consensus guide. With Ecolab continuing to realize better-than-expected pricing and volume growth across most of its segments for the foreseeable future, the company should continue to fire on all cylinders, the analyst tells investors in a research note. BMO adds however that the stock’s current valuation already factors in the potential upside, and the firm believes the stock will perform in line with the market in 2024.