UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Ecolab
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Ecolab (NYSE: ECL), and slightly raised its price target from $82.00 to $83.00.
Jefferies noted, “With the modified Champion bid likely to close by year-end, 2013 should mark a shift from portfolio integration to executing on productivity initiatives. We are raising our price target $1 to $83 and reiterate our Buy ratings.”
Ecolab closed on Tuesday at $71.87.
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Tags: Jefferies & Company