Ecolab upgraded to Outperform from Market Perform at BMO Capital

BMO Capital upgraded Ecolab (ECL) to Outperform from Market Perform with a price target of $290, up from $279. The firm sees a “solid path” for Ecolab to post double-digit earnings growth in 2025 through 2027 “with a relatively high degree of certainty.” This will come from solid pricing and share gains stemming from the company’s increased value proposition in both its water and cleaning/sanitizing platforms, the analyst tells investors in a research note. In a market where certainty is tough to find, Ecolab is justifying of its elevated valuation, contends BMO.