Citi raised the firm’s price target on Ecolab (ECL) to $305 from $290 and keeps a Buy rating on the shares post the Q4 report. The firm thinks a higher multiple is appropriate given Ecolab’s earnings growth algorithm, which it says is underpinned by growth trends and operating margin expansion opportunities.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ECL:
- Ecolab Reports Strong 2024 Financial Performance
- Coca-Cola reports Q4 beat, Elliott discloses Phillips 66 stake: Morning Buzz
- Early notable gainers among liquid option names on February 11th
- Ecolab: Strong Financial Performance and Ambitious Targets Justify Buy Rating
- Ecolab price target raised to $302 from $297 at Mizuho