Ecolab price target raised to $279 from $260 at BMO Capital

BMO Capital raised the firm’s price target on Ecolab (ECL) to $279 from $260 but keeps a Market Perform rating on the shares after its Q3 earnings beat. The company is demonstrating momentum in its “value pricing” initiative and also drove new business to help offset weak end-markets, though the stock’s valuation is a bit stretched at these levels and the firm would wait for a better entry point, the analyst tells investors in a research note.