Ecolab price target lowered to $300 from $303 at Stifel

Stifel lowered the firm’s price target on Ecolab (ECL) to $300 from $303 and keeps a Buy rating on the shares. The “main negative” in the quarter was the sequential deceleration in volumes, but management asserted the business does not require stronger volume growth from today’s levels to achieve the 12%-15% adjusted EPS growth next year and beyond, the analyst tells investors.