BMO Capital raised the firm’s price target on Ecolab (ECL) to $305 from $295 and keeps an Outperform rating on the shares. The firm’s recent meeting with the company management has left it with a greater appreciation for Ecolab’s ability to post mid-teens EPS growth for the foreseeable future driven by higher pricing, innovation/new platforms driving revenue and margins, and internal efficiencies, the analyst tells investors in a research note.
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