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UPDATE: Bank Of America Reiterates On Ecolab Inc. On Case For Acceleration

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In a report published Friday, Bank of America analyst David Ridley-Lane reiterated a Buy rating on Ecolab Inc. (NYSE: ECL), and raised the price target from $124.00 to $129.00.

In the report, Bank of America noted, “Ecolab's acquisition-adj., constant currency revenue growth has bumped along at ~5% over the past four quarters.We see several positive catalysts and forecast 7% YoY underlying growth in 3Q. A key support is the 30% YoY increase in net new business in 1H14, which should start contributing to top line growth in 2H.”

Ecolab Inc. closed on Thursday at $114.70.

Latest Ratings for ECL

DateFirmActionFromTo
May 2019MaintainsMarket PerformMarket Perform
May 2019MaintainsBuyBuy
May 2019MaintainsNeutralNeutral

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Posted-In: Bank of America David Ridley-LaneAnalyst Color Price Target Analyst Ratings

 

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