Market Overview

UPDATE: Piper Jaffray Initiates Ecolab at Overweight; Cyclical Concerns Overblown

Share:
Related ECL
Earnings Scheduled For April 28, 2015
Top 4 NYSE Stocks In The Cleaning Products Industry With The Highest ROI

Piper Jaffray initiated coverage on Ecolab (NYSE: ECL) with an Overweight rating and a $76 price target.

Piper Jaffray noted, "Owning ECL over the next 12 months, in our view, is primarily a call on a positive margin surprise from the Nalco integration and continued growth in energy services. Beyond 12 months, we believe significant upside potential remains from energy platform technologies and an acceleration of margin expansion in Europe. Based on recent performance, the market seems to have recently intensified the debate about how ECL should trade; over the next 12 months, the cyclical concerns will likely yield to the more familiar tone of sustained innovation, share gains, and margin expansion."

Ecolab closed at $64.15 on Wednesday.

Latest Ratings for ECL

DateFirmActionFromTo
Feb 2015CitigroupMaintainsNeutral
Feb 2015Stifel NicolausMaintainsBuy
Jan 2015JefferiesMaintainsHold

View More Analyst Ratings for ECL
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Initiation Pre-Market Outlook Intraday Update Analyst Ratings

 

Related Articles (ECL)

Around the Web, We're Loving...