Morgan Stanley raised the firm’s price target on Ecolab to $240 from $230 and keeps an Equal Weight rating on the shares. The firm’s proprietary Ecolab raw material model suggests that there is EPS upside in 2024 to about $6.75 , versus consensus of $6.40, given the firm’s view that raw material costs are likely to come in lower than guided in the second half of the fiscal year, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECL:
- Water Investments – A Solid Choice in a Fluid Economy
- Ecolab participate in a conference call with JPMorgan
- Wolfe starts Ecolab at Peer Perform, says constructive on stock thesis
- Ecolab initiated with a Peer Perform at Wolfe Research
- Apollo Global upgraded, Dell initiated: Wall Street’s top analyst calls
