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UPDATE: Piper Jaffray Raises PT to $92 on Ecolab on Inflection in International Investments

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Piper Jaffray maintained Ecolab (NYSE: ECL) with an Overweight rating and raised the price target from $84.00 to $92.00.

Piper Jaffray noted, "We maintain our Overweight rating on shares of ECL following the company's in-line 4Q print of $0.89 in EPS on $3.05 billion in revenues. Beyond the sustained outperformance in energy services, we are particularly encouraged by margin improvement in Europe (+250 bps) in 4Q as well as the outlook (+100 bps again in FY13). We believe we are just starting to see the fruits of the international investments, especially as growth in emerging regions enables further operating leverage. The 1Q13 guidance of $0.56 - $0.60 is in-line when the effect of Champion (which is not in guidance but is in many street models) is factored in."

Ecolab closed at $75.84 on Tuesday.

Latest Ratings for ECL

DateFirmActionFromTo
Jan 2015JefferiesMaintainsHold
Jan 2015CitigroupMaintainsNeutral
Jan 2015BarclaysMaintainsOverweight

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View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Price Target Analyst Ratings

 

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