On Oct 31, major Wall Street analysts update their ratings for $Ecolab (ECL.US)$, with price targets ranging from $255 to $300.
Morgan Stanley analyst Vincent Andrews maintains with a hold rating, and adjusts the target price from $240 to $263.
J.P. Morgan analyst Jeffrey Zekauskas maintains with a hold rating, and adjusts the target price from $220 to $255.
BofA Securities analyst Steve Byrne maintains with a buy rating, and adjusts the target price from $272 to $300.
Citi analyst Patrick Cunningham, CFA downgrades to a sell rating.
Barclays analyst Manav Patnaik maintains with a buy rating, and maintains the target price at $260.
Furthermore, according to the comprehensive report, the opinions of $Ecolab (ECL.US)$'s main analysts recently are as follows:
The firm believes that the valuation of Ecolab has become overly extended, implying that the company currently has little room for error in meeting its financial objectives.
The company is showing progress in its 'value pricing' initiative and has successfully attracted new business to counterbalance sluggish end-markets. However, the current stock valuation is considered somewhat inflated, suggesting a more appealing entry point may be preferable.
Here are the latest investment ratings and price targets for $Ecolab (ECL.US)$ from 7 analysts:
Note:
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