Ecolab (ECL – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Laurence Alexander from Jefferies maintained a Buy rating on the stock and has a $311.00 price target.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Laurence Alexander has given his Buy rating due to a combination of factors. Ecolab is currently trading in alignment with its high-quality peers, based on estimates for the year 2025. Alexander projects a slight increase in Ecolab’s valuation metrics by 2027, suggesting a positive outlook for the company’s financial performance.
Additionally, the potential for growth in Ecolab’s new platforms is seen as a significant driver for increased sales and operating efficiency, which could result in a 10% to 20% expansion. This optimism is supported by the company’s strategies and models that indicate a favorable environment for future growth, making Ecolab’s stock an attractive buy for investors.
In another report released on February 12, Stifel Nicolaus also maintained a Buy rating on the stock with a $307.00 price target.