Ecolab price target raised to $310 from $307 at BMO Capital

BMO Capital analyst John McNulty raised the firm’s price target on Ecolab (ECL) to $310 from $307 and keeps an Outperform rating on the shares. The company hosted an Investor Day last week, demonstrating the strength of the platform and how it should enable it to continue to post 12%-15% EPS growth, and the firm has come away incrementally impressed with Ecolab targeting of high-growth operations as well as internal efficiency using AI and digital solutions, the analyst tells investors in a research note. Ecolab’s increasing value proposition for its customers offers significant value creation ahead for investors, BMO added.