Wells Fargo analyst Seth Weber raised the firm’s price target on Ecolab to $208 from $195 and keeps an Overweight rating on the shares. Wells also added the stock to its Q3 2023 Tactical Ideas List. The firm sees Ecolab as a beneficiary of moderating and/or lower-trending costs for several important inputs, which should support margin torque and accelerating year-over-year EPS growth.
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