Morgan Stanley raised the firm’s price target on Ecolab to $240 from $230 and keeps an Equal Weight rating on the shares. The firm’s proprietary Ecolab raw material model suggests that there is EPS upside in 2024 to about $6.75 , versus consensus of $6.40, given the firm’s view that raw material costs are likely to come in lower than guided in the second half of the fiscal year, the analyst tells investors.
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