Ecolab price target raised to $270 from $260 at Wells Fargo

Wells Fargo raised the firm’s price target on Ecolab (ECL) to $270 from $260 and keeps an Equal Weight rating on the shares. The firm says the company is likely to deliver a solid Q3 driven by surcharge pricing, moderating delivered product costs, and modest volume improvement from recovering end markets. But Wells notes risk of rotation out of Ecolab into more cyclical chem names in 2026.